International Trade

Ship tracking data shows sharp fall in transits as US and Iranian officials hold talks to save fragile peace framework.

Shipping in the Strait of Hormuz has plunged following Iran’s announcement that it has closed the waterway once again over Israel’s strikes on Lebanon, according to ship tracking data.

A total of 12 vessels crossed the strait on Sunday, down from 35 transits the previous day, an analysis by maritime intelligence company Windward showed on Sunday.

Five of eight vessels entering the strait had their Automatic Identification Systems turned off, according to Windward.

“The current traffic profile: dark, sanctioned, Iranian-linked, resembling the late-blockade baseline more than a functioning open strait,” Windward said in a post on X.

Maritime traffic in the strait had been showing signs of recovery since US President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday signed a memorandum of understanding on ending the US-Israel war on Iran.

Twenty-five vessels transited the strait on Thursday, the highest number since mid-April, according to data from maritime intelligence provider Kpler.

Iran’s Islamic Revolutionary Guard Corps on Saturday declared the waterway shut, citing Israeli “crimes” in Lebanon and the failure of the US to maintain a ceasefire in the country.

US Central Command (CENTCOM) on Saturday denied that Iran had closed the strait, which normally carries about one-fifth of global oil and liquified natural gas supplies, saying that safe passage through the waterway remained “intact”, with 55 merchant ships transiting that day.

The cause of the discrepancy between the transit figures provided by CENTCOM and commercial ship tracking providers is unclear.

US and Iranian negotiators on Sunday held make-or-break talks in Switzerland as the conflict in Lebanon threatened to derail efforts to turn their 60-day ceasefire extension into a permanent peace deal.

In a briefing to Iranian media after the talks, Iranian Ministry of Foreign Affairs spokesman Esmaeil Baghaei said the sides had discussed the safe passage of ships through the strait, and “a mechanism was set up, which is important”.

Despite renewed tensions between Washington and Tehran and signs of slowing traffic in the strait, oil prices moved lower on Monday morning in Asia.

Brent crude, the primary international benchmark, was down about 0.9 percent as of 01:30 GMT, at just below $80 a barrel.

Asia’s major stock markets opened higher, with key indices in Japan, South Korea and Taiwan making substantial gains.

Tokyo’s Nikkei 225 and Seoul’s Kospi were up 1.8 percent and 1.5 percent, respectively, while the Taiex in Taipei surged 2.6 percent.

Hong Kong’s Hang Seng Index bucked the rally, dipping 0.7 percent.

Pakistan’s Prime Minister Shehbaz Sharif has signed a US-Iran memorandum of understanding aimed at ending the war between the two countries. US President Donald Trump and Iran’s President Masoud Pezeshkian signed on Wednesday.

For half a century, a handful of wealthy Western democracies wrote the rules of the global economy.

But the world order is becoming crowded, and even as the Group of Seven (G7) remains one of the world’s most influential clubs, a challenger has emerged.

BRICS has expanded, and says it wants a bigger voice for the Global South. This bloc of nations speaks for nearly half the world’s population – and accounts for a growing share of global output, energy and raw materials.

In the space between the two, a third force is gathering pace: the so-called middle powers, nations too big to ignore and unwilling to pick a side.

EXPLAINER

US President Donald Trump and Iranian leaders say a deal has been agreed to end more than 100 days of war that killed thousands.

United States President Donald Trump and Iran’s Deputy Foreign Minister Kazem Gharibabadi said on Sunday that they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.

Trump said the deal allows for toll-free shipping through the Strait of Hormuz, which has been largely closed since the US and Israel launched an assault on Iran on February 28.

“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote on Truth Social on Sunday.

The US and Iran will sign a memorandum of understanding in Switzerland on Friday, said the prime minister of Pakistan, whose country has served as a mediator.

Monday marks 108 days since the war began, with the US and Israel’s attacks on Iran. Here is what’s happening:

What we know about the deal

• The content of the agreement, which follows weeks of fraught negotiations and periodic threats from Trump of new hostilities unless Iran reaches a deal, remained unclear.
• Strait of Hormuz to reopen: Iran’s semi-official Mehr news agency said the draft deal called for reopening the Strait of Hormuz within 30 days under Iranian arrangements. Trump, who turned 80 on Sunday, said the deal allows for toll-free shipping through the Strait of Hormuz, which has been largely closed since the US and Israel launched an assault on Iran on December 28.
• Frozen assets to be released: Iran’s Mehr news agency reported that the US would release $12bn in frozen assets to Iran before the start of negotiations.
• Iran’s enriched uranium: In an interview with The New York Times on Sunday, Trump said Washington was still negotiating whether Iran would suspend its enrichment for 20 years. Trump hinted that he might settle for a 15-year suspension, but said he did not want to negotiate via the press.
• Israel has not commented: There has been no official comment from Israel about the peace agreement.

In Iran

• The secretariat of Iran’s Supreme National Security Council said on Monday that the deal with the US includes the immediate suspension of hostilities on all fronts. “Based on the agreements reached, the war and military operations on all fronts, including Lebanon, will end immediately and permanently as of tonight, and in addition, the naval blockade against Iran will end immediately and completely,” it said in a statement.

In the US

• Democrats slam Trump over war: While Democratic lawmakers welcomed the deal, they criticised the Trump administration’s decisions pertaining to the war. Senator Chris Coons of Delaware said that while the deal moves the situation in the “right direction”, several questions remain. He warned that competing interpretations of what was agreed upon could pose risks. Senator Chris Murphy, who serves on the Senate Foreign Relations Committee, said the deal is a “surrender to Iran” but that the US should be “glad about it because every day this insane, illegal war continues, we get weaker”.

In Lebanon

• Trump rebukes Israeli attack on Beirut: On Sunday, shortly before the deal was announced by Trump, Israel launched an air attack on Beirut. Trump angrily blamed Israel for delaying the deal’s signing after launching this attack. In an expletive-laden phone interview with US news outlet Axios, Trump fumed about Israeli Prime Minister Benjamin Netanyahu, saying: “I was so pissed off. I let him know.”

Global response

• Western leaders praise deal: UK Prime Minister Keir Starmer said he was ready to aid the further technical talks between the US and Iran, adding that he hopes the reopening of the Strait of Hormuz will stabilise energy markets.
• French President Emmanuel Macron also praised the deal and said Paris would support the Lebanese government.
• European Union chief Antonio Costa welcomed a deal between the US and Iran to end the Middle East war, adding that the bloc was ready to contribute to a strategy for “lasting peace”.
• UN Secretary-General Antonio Guterres said it was a “critical step” towards resolving the war in the Middle East.

Global economy

• Oil prices drop: Oil prices slipped to their lowest since March on Monday, with global benchmark Brent crude futures falling $4.08, or 4.7 percent, to $83.25 a barrel by 04:15 GMT. US West Texas Intermediate was at $80.53, down $4.35, or 5.1 percent. Both contracts fell to their lowest levels since March 10 on Monday after tumbling more than 3 percent on Friday.
• Asian markets soar: Markets in Japan soared, more than 5 percent up; in South Korea, they were up 5.3 percent; in Taiwan, they were up 2.4 percent. In Shanghai, they were up 1.3 percent; and in Hong Kong, they were up half a percent; while in Indonesia, they were up 2.07 percent; and in the Philippines, they were up 5.2 percent.

Volker Turk, the high commissioner for human rights at the United Nations, has issued some of his harshest criticism yet of the recent sanctions the United States has imposed on Cuba.

On Monday, Turk drew a line between the increasing restrictions on the Cuban economy and reports of heightened death rates, particularly among children.

“The fuel restrictions imposed since early 2026 and recent tightening of extraterritorial sanctions, taken together, are directly harming Cubans, especially the most vulnerable,” Turk said in a statement.

“Children are dying because doctors lack access to essential medical supplies and medicines. This is unacceptable.”

Such “severe sanctions”, he added, run contrary to the “basic principles of international human rights law”. He called for them to be “lifted immediately”.

Turk’s comments are a direct response to the suite of actions taken under US President Donald Trump to tighten pressure on Cuba, a Caribbean island that has already weathered a decades-long US trade embargo.

Starting in January, the Trump administration moved to cut off Cuba’s foreign oil supply, a linchpin for its ageing energy grid.

First, it severed supplies of oil and funds from Venezuela. Then, on January 29, Trump issued an executive order declaring Cuba to be an “unusual and extraordinary threat” to US national security. As such, he said, any country that supplied it with oil would be subject to steep tariffs.

In the months since, the Trump administration has continued to layer sanctions on Cuba. In May, for instance, penalties were announced against Cuba’s Interior Ministry, its National Police and its Directorate of Intelligence.

Those were followed this month by sanctions targeting Cuba’s president, Miguel Diaz-Canel, as well as members of his family.

The sanctions are designed to penalise those “responsible for repression” in Cuba, an island whose communist government has been accused of stifling dissent, as well as imprisoning and torturing activists.

Turk on Monday acknowledged Cuba’s human rights record and called on the country to “release all those arbitrarily detained”.

But he also pointed to the mounting death toll associated with the US sanctions, which have isolated the island country from much of the world.

The sanctions freeze any US-based assets the target may have, but they also prohibit entities from conducting business with the sanctioned parties. That can result in difficulties accessing global financial systems and other international platforms.

The de facto oil blockade has also resulted in the increasing frequency of power outages, and essential services like public transportation and medical care have faced reductions. Turk pointed to those downstream effects in his remarks.

“Cuba faces increasing isolation,” he said. “Companies are leaving. Fewer airlines fly to the country. It is almost disconnected from international payment systems.”

Turk’s office has also highlighted the human costs of the sanctions. According to the statistics it cited, infant death rates have doubled, reaching 9.9 for every 1,000 births. The survival rate for childhood cancer, meanwhile, has declined from 85 to 65 percent.

In March, the Cuban government also warned of medical needs going unanswered as a result of the energy shortage. It estimated that there was a backlog of 96,387 people awaiting surgery, 11,193 of whom were minors.

It also underscored that 16,000 patients needed radiotherapy, and another 2,888 required dialysis, two treatments that depend on steady electrical supplies.

Turk’s remarks also pointed to the risks posed by the Atlantic hurricane season and other natural disasters. Within hours of his remarks, western Cuba was rattled by a powerful 6.1-magnitude earthquake. Summer heat alone could cost lives, he explained.

“Rising summer temperatures risk increasing the spread of vector borne and waterborne diseases,” Turk said.

“The hurricane season further increases exposure. This creates a perfect storm for social and economic deterioration and suffering for the Cuban people.”

Trump has repeatedly suggested that he is considering military action in Cuba to remove its leadership after the US-Israel war on Iran reaches an end.

Since January, only one Russian oil tanker has been allowed to reach the island, leaving its foreign fuel supplies largely depleted.

Chinese President Xi Jinping’s meeting with North Korea’s Kim Jong Un in Pyongyang on Sunday is significant for one reason.

It’s not that they are meeting: The two men met in Beijing just a year ago when China held a massive military parade to mark 80 years since Japan surrendered unconditionally to Allied forces, bringing an end to the second world war.

What’s surprising is that Xi is travelling at all.

The Chinese leader has not travelled to Pyongyang since 2019, having steadily cut down his travel in recent years, and world leaders like US President Donald Trump and Russian leader Vladimir Putin generally come to him these days.

“We need to remember that Xi Jinping has not really travelled abroad that much,” William Yang, Crisis Group’s senior analyst for Northeast Asia, told Al Jazeera. “The growing trend is foreign leaders heading to Beijing to meet with him.

“For Xi Jinping to be the one who decides to travel to Pyongyang, it shows the level of significance that China attaches to this trip.”

Xi averaged about 14 trips a year between 2013 and 2019, but dropped to approximately six a year between 2022 and 2025, according to the Asia Society. In 2020, he made just one overseas trip, and in 2021, he made none, as China grappled with the COVID-19 pandemic.

He may be travelling now, though, amid concerns about North Korea’s relationship with Russia, Yang said.

Senior partner no more?

Traditionally, Beijing played the role of senior partner in the China-North Korea relationship, with North Korea heavily dependent on China for as much as 95 percent of its trade, according to one 2022 estimate from the National Committee on North Korea, a US-based nonprofit.

That dynamic has been changing since Russia’s 2022 invasion of Ukraine, however. North Korea has provided Russia with critical weapons, artillery and manpower and is credited by observers with helping to keep Moscow’s war machine going.

South Korea’s Institute for National Security Strategy, a government-funded research institute, estimates that since 2023, Moscow has paid North Korea as much as $14.4bn for troop deployments and the export of “artillery, shells, and guided and ballistic missiles”.

The report said that North Korea may only have received between $580m and $1.5bn of that in the form of “goods”, which means there is a “significant possibility that the majority of the payment from Moscow was in the form of ‘sensitive military technology or related precision parts and materials that are difficult to observe via satellite’,” according to a translation.

Although China shares a mutual defence treaty with North Korea, it is still wary of North Korea acquiring new military technology, Yang said.

“Beijing has always been very careful about providing military assistance to North Korea because they do not see a militarily stronger North Korea as necessarily in its favour,” he said. “A North Korea that is militarily emboldened through its relationship with Russia could be a potential source of disruption to the balance of power and status quo on the Korean Peninsula.”

North Korea has already carried out eight missile launches since the start of the year, and in May unveiled a new AI-guided tactical cruise missile, according to North Korean media and the US Naval Institute.

Earlier this week, North Korean state media also released photos of Kim touring a new “weapons-grade nuclear materials” factory, which would be used to expand Pyongyang’s nuclear capability at an “exponential rate”.

Fluctuating tensions

North Korea has technically been at war with South Korea since 1950, with the conflict suspended by a 1953 armistice agreement. The two countries are divided by a 250-kilometre-long (155-mile-long) Demilitarized Zone, splitting the Korean Peninsula.

Tensions have fluctuated dramatically over the years, reaching a recent low point in 2024 when Kim abandoned the long-term goal of Korean unification.

He has largely cut off communications ever since, according to observers. On Friday, South Korea’s Ministry of Foreign Affairs said that it hopes that Xi’s trip will “play a constructive role in addressing issues related to the Korean Peninsula” – suggesting that Seoul may have lobbied the Chinese leader to try to smooth over relations.

South Korean Minister of Unification Chung Dong-young separately told reporters last month that he expects the two leaders to discuss a possible meeting between Kim and Trump later in the year.

Xi may also be alarmed by other security developments in East Asia, including news of a possible military-logistics ‌‌‌‌‌‌‌‌support pact between South Korea and Japan, which was raised at the Shangri-La Dialogue of regional defence officials in Singapore last weekend.

While China and South Korea’s relationship fluctuates, its ties with Japan are acrimonious due to longstanding grievances dating back to Imperial Japan’s occupation of China in the 1930s and 1940s. Beijing has also objected to recent moves by Tokyo to expand its de facto military.

The administration of US President Donald Trump has proposed new tariffs of up to 12.5 percent on imports from 60 economies after determining they had failed to curb trade in goods made with forced labour, an assertion that was rejected by US trading partners.

The proposal from the Office of the United States Trade Representative (USTR), issued late on Tuesday, comes from a Section 301 unfair trade practices investigation designed to help rebuild US President Donald Trump’s emergency tariffs, struck down by a US Supreme Court decision in February.

Despite laws banning them, the products of forced labour are deeply embedded in supply chains across the world. European lawmakers bristle at the accusation that the region is less effective than the US at curbing the trade in such goods, with one describing the US findings as “utterly absurd”. Business leaders said the US move created more confusion for companies.

The USTR proposed 10 percent additional duties on imports from Canada, Ecuador, the European Union, Indonesia, Mexico, Pakistan, Argentina, Bangladesh, Cambodia, El Salvador, Guatemala, Malaysia, Taiwan and Britain. The USTR said all had plans or partial schemes in place.

The trade agency said it would impose additional duties of 12.5 percent on the remaining 45 countries that it investigated. These include China, India, Nigeria, Japan, South Korea, Vietnam, Australia and New Zealand.

“The failure of our most important trading partners to address the importation of goods made with forced labour is unacceptable,” US Trade Representative Jamieson Greer said in a statement. “This creates a dynamic where American workers are forced to compete globally on an unlevel playing field.”

The USTR said it would accept public comments on the proposed tariffs and other remedies through July 6, with a public hearing scheduled for July 7.

The announcement comes ahead of the July 24 expiration of a 10 percent temporary tariff imposed by the Trump administration on February 20, the day the Supreme Court struck down Trump’s tariffs under the International Emergency Economic Powers Act. It also shows how determined the Trump administration is about building a wall of tariffs around the US economy, the world’s largest, despite repeated setbacks in court.

After the loss in the Supreme Court, Trump turned to another law to impose temporary 10 percent tariffs globally. But those stopgap levies expire July 24. And a specialised trade court ruled last month that they, too, were illegal – though the government can continue collecting them while that case works its way through the courts.

Unjustified tariffs

The European Commission said the tariffs were unjustified and reiterated its commitment to the trade deal sealed with Washington last year.

Bernd Lange, the chair of the European Parliament’s trade committee, which voted on Tuesday to accept that trade deal, said the new tariffs were expected, but said the results of the US investigation were still “utterly absurd” given a 2024 EU law to ban imports of forced labour products.

“The impression is increasingly emerging that a tariff measure is sought first, and only then is a suitable legal justification found,” he said. However, he added that the key question would be whether the additional tariffs would exceed those agreed between both sides last July.

The US’s largest trading partner, the EU, agreed last July to accept tariffs of 15 percent on a broad range of its exports. In its report, the USTR said the EU anti-forced labour measures only came into force in December 2027 and lacked key elements.

It was unclear whether the proposed tariffs – which the US release described as “additional duties” – would come on top of levies agreed in bilateral deals signed with the US.

Britain said it was in regular talks with the US and was taking action to tackle forced labour. It added that the preferential access to US markets that it had negotiated for UK businesses remained in place.

Mexico said that goods that were compliant under the United States-Mexico-Canada Agreement (USMCA) would be exempt from the new tariffs.

Taiwan said it was “hopeful and confident” that the final results would reflect agreements already reached, securing relatively preferential treatment.

Beijing, facing 12.5 percent tariffs, said that it opposed all forms of unilateral tariffs and that there was no forced labour in China. India, confronted with the same rate, said it was engaged with Washington on the Section 301 proceedings, noting the proposed tariffs were not final.

“There will be deep concerns in the international business community that the US [forced labour law could] become a global template,” said Andrew Wilson, deputy secretary general of the International Chamber of Commerce.

“Anyone can make a claim, get a shipment impounded and the company has to prove no forced labour in supply chain.”

Certain exemptions

The USTR said it would exempt from tariffs products including energy, rare earths and some other metals, beef, coffee, certain fruits and vegetables, pharmaceuticals, organic chemicals and aircraft parts.

It also said it was proposing a textile mechanism that would allow for a certain volume of apparel and textile imports to enter the US at a reduced tariff rate, without giving details.

The ICC’s Wilson said the list of exemptions, stretching for more than 76 pages, suggested sensitivities over the potential cost-of-living hit to food and other goods with known forced-labour risks.

“It doesn’t make sense if the object of this is to enhance controls on modern slavery,” he said.

Mexico and Canada have backed extending the USMCA trade agreement for another 16 years as negotiations over its future continue. The proposal comes amid an ongoing trade dispute with the United States.

The administration of United States President Donald Trump has proposed a new 25 percent tariff on imports from Brazil amid allegations of unfair trading practices.

US Trade Representative Jamieson Greer announced the new punitive tariffs late on Monday, stemming from issues including digital trade and illegal deforestation.

The new tariffs would be imposed under Section 301 of US trade policy — a statute that gives the US government broad authority to impose trade sanctions based on violations of trade agreements, as well as what it deems “unfair” trade practices under the Trade Act of 1974.

Greer said there has been an investigation that began in July. The practices under investigation were related to issues such as illegal deforestation, ethanol market access, and anticorruption enforcement, among other key issues, according to the summary released by the US Department of Commerce on Tuesday.

In the 107-page document, the US government said that trade practices between the two nations “are unreasonable and burden or restrict US commerce”, and pointed to agreements that Brazil has with Mexico and India.

“Brazil’s trade arrangements with Mexico and India also create incentives to offshore US production by creating a financial advantage to exporting to Brazil from these countries, as opposed to exporting from the United States,” the document says.

There is a comment period for the general public to weigh in on the proposed tariffs, which begins on Thursday. The written comment period ends on July 1, and there will be a public hearing in Washington on July 6.

Beef, coffee, rare earths, other metals, energy, and aircraft parts are among the products that would be exempt from the tariffs.

On CNBC, Greer said that it would release more findings on unfair trade practices in the next several weeks in order to address what Greer called a “giant” trade deficit.

However, the data shows that the US maintains a trade surplus with Brazil. In March, Brazil bought more goods, worth $3.3bn, from the US than it exported at $2.9bn, representing a $420m trade surplus.

Other countries under investigation include China and Vietnam.

The new tariff would partially replace a tariff of 50 percent on many Brazilian goods imposed last year by Trump, with 40 percent serving as a punishment for Brazil’s prosecution of former President Jair Bolsonaro, a Trump ally.

The White House also recently dropped tariffs on select aluminium, copper, and steel imports, which include agricultural equipment such as harvesters. Those tariffs will drop from 25 percent to 15 percent. The tariffs expire in December 2027.

The new tariffs come after the Supreme Court, in February, struck down the use of the International Emergency Economic Powers Act (IEEPA), which the White House used to impose its sweeping global tariffs.

“They are the first of many new tariffs to replace the IEPPA national security tariffs. The period of public comment will allow for potential modest tweaks and exemptions. Ultimately, it will add to some inflation pressure compared to the last few months but not compared to a year earlier,” Rachel Ziemba, a senior adjunct fellow at the Center for a New American Security, told Al Jazeera.

Political tensions

The changes come despite President Luiz Inacio Lula da Silva’s visit to Washington last month, as relations have deteriorated in recent months.

The US State Department has also designated two of Brazil’s criminal gangs as “terrorist organisations”, a move that supported Senator Flavio Bolsonaro’s position, Lula’s main rival in October’s election, and over the objections of Brazilian officials.

“I expressly asked President Trump not to tariff our companies,” Bolsonaro wrote on X on Tuesday. “Tariffs are not the solution.”

The White House did not respond to Al Jazeera’s request for comment.

Department of Commerce issues guidance on chip restrictions amid concerns about loopholes in export control regime.

The United States has issued a notice affirming its restrictions on shipments of semiconductors to subsidiaries of Chinese companies located outside China amid concerns about loopholes in Washington’s export control regime.

The Department of Commerce said in the guidance issued on Sunday that its licensing requirements for the export of advanced AI chips applied to all businesses with headquarters or a parent company in China.

The Bureau of Industry and Security (BIS), which falls under the Commerce Department, said it issued the clarification in response to questions about whether it was enforcing preexisting licence requirements after it had overturned former President Joe Biden’s AI Diffusion Framework.

“The answer is yes,” the BIS said in the notice.

Unveiled in the final days of the Biden administration, the AI Diffusion proposed the implementation of a globe-spanning framework to control access to AI chips, including export caps for all but the closest US allies.

The framework drew backlash from tech firms, including Nvidia, the world’s most valuable chip company, which cast the proposal as a threat to innovation and cross-border collaboration.

President Donald Trump’s administration scrapped the framework last May, ahead of its implementation, citing the “burdensome new regulatory requirements” and the harm it would do to Washington’s diplomatic relations with other countries.

Chip giant Nvidia, whose top-of-the-line Blackwell GPUs are banned for export to China, said it had already been operating in keeping with the clarified rules.

“The guidance reaffirms that NVIDIA’s sales and vetting process is correct – consistent with our existing approach, licences are required to ship controlled products to PRC headquartered companies,” a Nvidia spokesperson told Al Jazeera, using the acronym for the People’s Republic of China.

AMD and Intel, Nvidia’s main competitors in the GPU space, did not immediately respond to requests for comment.

TSMC, which manufactures the most advanced chips on behalf of clients such as Nvidia, did not immediately return an email seeking comment.

The BIS also did not respond to inquiries.

Chris McGuire, a former State Department official who worked on technology policy in the Biden administration, accused the Trump administration of providing Chinese companies a loophole to buy export-controlled chips.

“Chinese companies have been buying these chips, very likely at scale. And because BIS has not updated export control regulations to clearly state what it IS enforcing, all of this was legal,” McGuire said in a post on X.

“This clarification does make clear that Blackwell shipments to China-headquartered companies outside of China are now illegal again – which is good, although obviously we have to see how many shipments have already gone to assess how much damage was done,” McGuire said.

“BIS’ statement acknowledges these shipments have been happening when it says companies who bought chips under this loophole don’t have to stop using them.”

The US has rolled out numerous restrictions on the supply of high-end technology to China, as Washington and Beijing battle for dominance in AI.

In December, Trump announced that he would allow Nvidia to sell its H200 chip to China, in a major loosening of Washington’s export controls.

While not Nvidia’s most advanced chip, the H200 is about six times as powerful as the H20, the most advanced chip previously allowed for export to China.

US President Donald Trump posted online that he’s heading into the Situation Room at the White House to make a “final determination” on potentially finalising a peace deal with Iran. Al Jazeera’s Patty Culhane reports from the White House.