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Bytedance reportedly readying a new AI model for real-world videos

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ByteDance is reportedly readying a new real-world video AI model, backed by a recently secured $29.6 billion loan to fund international AI infrastructure and data centers.

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Politics

Iranian Foreign Ministry spokesperson says the deal with Oman regarding the Strait of Hormuz will be registered soon. Hope parties will not prevent the implementation of the understanding. Qatar's delegation was present within Iran on Sunday.

Commodities

Saudi Aramco Jizan oil facilities were reportedly hit in new strikes, the FT reports citing sources; hit on Monday, damage is being assessed

FX/Bonds

[MARKET UPDATE] USD/JPY falls below 155.00 as energy prices weigh on yields in recent trade, down to 154.60 at worst vs 155.55 at 09:00BST