Trump Seeks Iran Off-Ramp as US Floats More Attacks

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Good morning. Trump seeks an off-ramp in the Middle East conflict. America’s AI build-out hinges on imports of Chinese electrical parts. And Kuaishou’s video generator app is quickly gaining ground in the wake of Sora’s sayonara. Listen to the day’s top stories.

Donald Trump set the stage for an off-ramp in the Iran war as he prepares to address the nation at 9 p.m. in Washington. Iranian President Masoud Pezeshkian urged Americans to look beyond the “political rhetoric,” after Trump said he’ll only consider a ceasefire when the Strait of Hormuz reopens. Vice President JD Vance delivered an ultimatum to Iran through intermediaries to make a deal or face attacks on key infrastructure. The S&P 500 rallied for a second day amid optimism that the war may be nearing an end, while Brent crude oil briefly fell below $100 a barrel.