Conditional

• Congress MP Karti Chidambaram announced conditional support to TVK for government formation, emphasizing respect for the public's mandate for change. • Support is offered provided the administration remains secular and excludes communal elements or BJP-aligned parties like AIADMK. • Chidambaram defended the shift from DMK ally, noting no pre-poll alliance had majority and aiming to block BJP influence via proxies.

• AI coding startup Cursor agreed to a $60 billion conditional takeover from SpaceX last month but is keeping distance from xAI integrations. • Rivals anticipated deeper ties, but Cursor emphasizes operational autonomy post-potential acquisition. • The move highlights tensions in AI ecosystem consolidations amid Elon Musk's overlapping ventures.

Brent crude oil dropped to $93 a barrel after Trump ceasefire announcement and Iran’s pledge to reopen strait of Hormuz under its managementMiddle East crisis – live updatesFull report: US and Iran agree to provisional ceasefire with Tehran saying it will reopen strait of HormuzOil prices plunged by almost 15% after Donald Trump held off on his threat to bomb Iran into the stone ages on Tuesday night, and Iran’s foreign minister said passage through the strait of Hormuz would be allowed for the next two weeks under the management of its military.With just over an hour until his deadline was due to pass, the US president said he was holding off on threatened attacks on Iran, subject to Tehran agreeing to a two-week ceasefire and reopening of the strait of Hormuz. Continue reading...

• Equity markets reacted positively after Iranian state media indicated willingness to end the conflict with the US, contingent on certain conditions, as reported in Bloomberg coverage. • President Trump described potential US exit from Iran as 'very soon,' predicting sharp drops in gasoline prices and improved safety from neutralized nuclear threats. • The month-long war has spiked fuel costs, affecting grocery prices as noted by industry figures like Stew Leonard Jr.