Rubio said Vice President Vance leading negotiations with Iran demonstrates the administration's seriousness.

US Secretary of State Rubio said when the US says it will open the Strait of Hormuz it means unobstructed free passage; the strait is an international waterway.

US investment-grade corporate bond issuance hit a record in June, totaling $175bn, driven by strong investor demand and large borrowings tied to AI infrastructure spending, according to a Bloomberg compilation. The amount was about 60% above June 2025's level and surpassed the 2020 post-COVID near-zero-rate peak. NVIDIA and SpaceX each sold $25bn of investment-grade bonds this month, pushing issuance well past dealers' prior estimate of roughly $130bn for June.