Trump's Iranian U-Turn Exposes an Uncomfortable Oil Truth
Welcome to our guide to the commodities markets powering the global economy. Today, Asia oil trading team leader Serene Cheong looks at the US president's surprising announcement that China can carry on buying crude from Iran.
Even for seasoned observers of Donald Trump's White House, Tuesday's pronouncement was a headscratcher. China, he wrote on social media, 'can now continue to buy oil from Iran.'
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New York Times
17 minutes ago
- New York Times
Tensions Grow Between Iran and the U.N. Nuclear Watchdog
The United Nations' nuclear watchdog was regularly inspecting Iranian nuclear sites until Israel began its bombing campaign on June 13. The war that followed shut the agency's inspectors out of them. Now the watchdog, the International Atomic Energy Agency, is trying to get back in — just when Iran may be moving to kick it out entirely. Amid simmering tensions with the agency, which some Iranian officials accuse of helping Israel justify its attacks, Iran's hardliner-dominated parliament voted on Wednesday to 'suspend' cooperation with the agency and bar its inspectors from the country, according to state news media. Though the move was so far no more than symbolic — the legislation would need approval from a higher Iranian authority before taking effect — its passage is another show of defiance from Iran. While it may perhaps a signal that Iran will renew its nuclear ambitions despite the U.S. and Israeli strikes on its facilities, the vote could simply be a tactic to gain leverage in any new negotiations with the Trump administration over its nuclear program. One of the I.A.E.A.'s main purposes is to monitor nuclear activity in Iran and other countries, including all those who have signed on to the Nuclear Nonproliferation Treaty. The goal is to keep them from building nuclear weapons. Iran is a party to the treaty, while Israel is not. The I.A.E.A. still has some oversight in Israel, which has not confirmed or denied having nuclear weapons, but is widely believed to have them. Under its agreement with Iran, the I.A.E.A. is supposed to inspect the nuclear facilities Iran has publicly declared, including those at Natanz and Fordo that the United States bombed over the weekend. Israeli officials say there may be other, secret nuclear sites that Iran has not told the watchdog about. Want all of The Times? Subscribe.
CNN
21 minutes ago
- CNN
You're not dreaming. Score dozens of early 4th of July deals on mattresses
No, you're not dreaming. Ahead of the 4th of July, a wave of mattress deals has trickled out across some of our favorite brands. The holiday weekend is an underrated time to save hundreds on big-ticket items. So if your mattress has been feeling flimsy or stifling amid rising temps, score discounts on cooling options for hot sleepers and picks with plush, pillow tops. As someone who surfaces online deals for a living, I rounded up the best early 4th of July deals on mattresses, including our experts' best mattress recommendations. Take $600 off any mattress with code JULY600 and 30% off, besting last year's promo by $100. Take 40% off adjustable bed frames with code JULY2025, and save 20% on pillows and bamboo sheets with code AS20. Mattress toppers and upholstered bed frames are discounted up to 40% off — no code needed. Amerisleep AS3 Mattress My Amerisleep mattress has earned its fair share of compliments from guests for its cloudlike feel. The company's bestselling AS3 mattress has a 'medium feel' of comfort and support suitable for most sleepers and cooling properties for those who run hot. Save 15% off certified organic mattresses, which translates to up to $1,350 in savings. Plus, take 15% off pillows, bedding and furniture — no code needed. Avocado Green Pillow-Top Mattress Our pick for the best organic mattress is part of Avocado's 4th of July discounts. The top-rated mattress is made from GOTS-certified organic wool and cotton, and organic latex. We loved its pillow-top for a soft, supportive sleep. Read our review Save up to 50% on mattresses, starting from $549. The brand also has a forgivable return policy if you're not fully satisfied. Any mattress purchase gets you a 365-night home trial, plus free shipping and returns. Awara Natural Luxury Hybrid Mattress It's the 4th of July at Awara, and the retailer is slashing the price of its popular hybrid days ahead of the holiday weekend. Great news for couples: This mattress's combination of latex and individually wrapped coils fosters more air circulation while minimizing motion our review With code JULY4, score 35% off sitewide at Bear, including cooling and gel mattresses. The brand also has a mattress quiz to get you closer to your most seamless sleep. Bear Original Mattress For just $556, this queen-sized mattress from Bear is one of the most budget-friendly we've seen. It's designed with three different types of foam to help isolate movements. With heat waves in effect, you might want to opt into the cooling layer for a less sweaty sleep. Take up to $700 off select Beautyrest Black mattresses with the spend of an adjustable base. Any Black mattress purchase also gets you 50% off any two pillows with code PILLOW50. Beautyrest Black Mattress Back and stomach sleepers who love a firm mattress will find a solid match in the brand's penultimate Black mattress. It offers pressure-relieving memory foam, and it also comes with white-glove delivery to make setup a snap. During its Early Access 4th of July sale, Big Fig kicked off deals on mattresses ideal for plus-size and tall sleepers. Take 20% off sitewide with a mattress purchase with code FIREWORKS. Big Fig Classic Mattress Spanning 60 inches by 80 inches, this mattress supports up to 1,100 pounds and includes dense foam that helps prevent sagging. Plus, it has great edge support to help get you in and out of bed more easily. Get 25% off your order with code JULY25, plus two free Eco-Rest pillows with a mattress purchase. Birch Luxe Natural Mattress According to the brand, this sustainable mattress pick is made free of polyurethane foams and harmful chemicals, all while offering prime airflow and pressure relief for side, back and stomach sleepers alike. All mattresses at Brentwood Home are 10% off for 4th of July, saving you hundreds. Save 10% on select pillows and bedding as well as 60% on adjustable bases and 20% on dog beds. Brentwood Home Oceano Luxury Hybrid Mattress Enjoy the brand's top-selling medium-soft mattress for its cooling gel technology combined with sustainable GOTS-certified organic wool and cotton material to help regulate body temperature and wick away moisture. From copper and cooling mattresses to options for small and large sleepers alike, Brooklyn Bedding mattresses are 25% off with code JULY25. Brooklyn Bedding CopperFlex Pro Mattress When we tested mattresses for side sleepers, the CopperFlex Pro impressed our pros with its solid motion transfer support. One tester even remarked that she could not feel her partner or her dog get into bed at our review Casper, one of our favorite mattress-in-a-box brands, is offering up to 35% off everything for the holiday weekend. Casper The One Foam Mattress Take 20% off the updated version of Casper's original mattress-in-a-box. It's ideal for any sleep type with its medium-firm support and its 11-inch all-foam build. Cocoon is hosting its 4th of July Preview Sale by taking 35% off mattresses. With your purchase, get a free sleep bundle, which includes a pair of pillows, a sheet set and a mattress protector. Cocoon by Sealy The Chill Mattress Complete with a cooling cover that helps absorb body heat, the Chill Mattress from Cocoon helps keep things breezy. Choose from a 10-inch memory foam mattress or a 12-inch hybrid mattress — both 35% off for the 4th of July. Stocked with some of the steepest mattress deals I've tracked thus far, DreamCloud is taking up to 60% off mattresses, with prices starting at $299. DreamCloud Premier Hybrid Mattress Stitching in a breathable quilted euro top cover, this mattress can lull you into a cool night's rest. It boasts a responsive foam layer and supportive coils to keep your spine in proper alignment. During the Bedroom Detox Sale, Essentia mattresses are up 22% off, while kids' items, pillows and accessories are 15% off. Essentia Venti Organic Latex Double-Sided Mattress With code LIFESTYLE and this mattress in cart, save 20% and Goldilocks your way to a better sleep. This double-sided mattress is plush on one side and firm on the other, so you get the best of both worlds. Rotating guests can enjoy either a soft feel or firm support. Everything at Helix is 25% off with code JULY25. Helix Sleep Sunset Elite Mattress Ranked as our favorite hybrid mattress for side sleepers, the Helix Sleep Sunset Elite offers tried-and-tested comfort. It marries a hybrid, pillow-top build with memory foam and coils, perfect for those who need relief for pressure our review For Layla's Summer Sale, enjoy up to $200 off mattresses and two free pillows, as well as up to 50% off all bases and accessories with your mattress purchase. Layla Memory Foam Mattress This copper-infused mattress offers a hint of support to soft foam, helps stave off heat from your body and is naturally antimicrobial for odor control. For visiting guests, flip the mattress to experience either soft or firm support. CNN Underscored-approved mattresses are 30% off. A bonus: Save up to 35% on adjustable bundles, 25% off on select bedding, 25% on bases and 15% on kids' mattresses. Leesa Legend Chill Hybrid Mattress Don't let back pain come between you and a good night's sleep. Greatly reducing our tester's lower back pain and tight hips, this mattress landed at the top of our list for the best mattresses for back pain. It also incorporates advanced cooling and a plush, quilted our review Snag additional savings on top brands during Mattress Firm's July 4th Sale, including Sealy, Tempur-Pedic, Beautyrest, Serta and more. Beauty Sleep Midnight Dream II Pillow-Top Mattress Befitting of its name, this mattress is designed to lull you to sleep in a wink. That's all thanks to a trifecta of plush foam, cooling gel and pocketed support coils. It's discounted by a whopping 60% at Mattress Firm for the 4th of July. Nectar's July 4th deals include up to 50% off mattresses and 66% off bundles for a short window of time. You're also ensured a 365-night home trial with purchase. Nectar Premier Mattress Great for back and stomach sleepers, this medium-firm mattress offered firmer support than other budget mattresses-in-a-box we've tested. It has both a cooling gel layer and breathable cover to minimize night sweats. For under $950 for July 4th, it's conveniently shipped in a boxRead our review During its official 4th of July sale, score 30% off Nolah's entire lineup, spanning mattresses and adjustable bases. Nolah Natural 11-Inch Mattress Although a runner-up in our best mattress tests, the Nolah's combination of wool, latex and coil still impressed CNN Underscored testers with its slightly springy sensation. It also relieved pressure points for one side our review Give your whole bedroom a makeover with up to 50% off mattresses and 25% off toppers, pillow and bedding. PlushBeds Botanical Bliss Organic Latex Mattress For $1,500 off, this locally made and GOTS-certified organic customizable mattress is what dreams are made of. Pick your preferred thickness, firmness and height for a great night's rest. Purple's July 4th sale is officially on, taking up to $800 off a mattress and a base. You can also take 30% off bedding and pillows to complete your setup. Purple Restore Hybrid Mattress Suited for side, back or combination sleepers, it felt squishy and soft during testing, offering a good amount of give while still being supportive. The Purple Restore Hybrid Mattress is composed of a stretchy cover, a layer of foam and a base of coils that offer a different feel from other mattresses our experts tried. Read our review Ahead of the hectic holiday weekend, Saatva shoppers can take up to $600 off when they purchase an adjustable base plus or upholstered bed frame with a mattress purchase. This early deal times out June 26. Saatva Classic Mattress According to CNN Underscored experts, the Saatva Classic triumphed as the best mattress we've tested. The brand's bestselling hybrid innerspring mattress is available in three firmness choices and two heights, and it offers major back support. Score it for hundreds off ahead of July 4th. Read our review Save up to $200 on Posturepedic Elite mattresses, and get a free sleep bundle worth up to $199. Sealy Posturepedic Elite Collection Mattress Engineered to relieve aches and pains, this Sealy mattress has a blend of responsive memory foam and coils to give you a balance of whole-body support and comfort. Enjoy perks like free delivery and free in-home setup with your purchase. Save up to $725 on select Serta iComfort mattresses and up to $725 on Perfect Sleeper mattresses. Serta Perfect Sleeper X Quilted Hybrid Mattress Spinal alignment is key to a good slumber. Luckily, this Serta mattress features five support zones alongside supportive coils and memory foam to deliver just that. Soup up your mattress with pillowtop and cooling add-ons while it's marked down by hundreds. Get up to 60% off any mattress, with prices starting at just $179. For all the penny pinchers out there, that's $20 more than last year's promotion. Siena Memory Foam Mattress This budget-friendly mattress just got even more affordable for the 4th of July. While under $400, it doesn't skip on benefits like a 180-night trial so you can ensure it's right for you. It also ships conveniently in a box. Through July 7, select smart beds are 20% off, taking hundreds off top mattress setups. Sleep Number Performance Series p5 Mattress Rated as Sleep Number's most popular Performance Series bed, the p5 is at its lowest price of the year for 20% off. Sleepers can reap high-tech specs like personalized comfort with temperature-balancing benefits. Get up to $600 off select mattresses and get free pillows and sheets with your purchase — excluding the Studio. Stearns & Foster Estate Collection Mattress Available in soft, medium and firm iterations, this plush mattress also comes with a customizable soft or firm pillow-top option for a finely tailored sleep. Those who run hot will also appreciate its Tencel-blend cover to help wick away moisture. Hot sleepers can run to Tempur-Pedic's 4th of July event for a hot sale on a cooling mattress. Save $500 on the Tempur-Breeze Mattress and save up to 20% on select mattress toppers. Tempur-Pedic Tempur-Breeze Mattress Most certainly a more expensive mattress than others on this list, Tempur-Pedic lives up to its reputation of top-tier comfort and cool. Change the way you sleep with the Tempur-Breeze. This mattress features three base layers for maximum cooling, including a moisture-wicking stretch cover. Through July 7, take 20% off the Tuft & Needle Original Mattress and 25% off the Tuft & Needle Original Hybrid Mattress. Plus, get up to 25% off pillows and bedding. Tuft & Needle Original Mattress If it's a struggle to get up in the morning, this all-foam mattress is designed to give you bounce-back support with its responsive, contouring material. It's one of the two mattresses discounted for the brand's July 4th sale. Get $300 off any mattress from this affordable brand with code VAYA300. Platform beds are 15% off with code USA15. Vaya Mattress If you're seeking an affordable mattress that doesn't skimp on quality, Vaya won't steer you wrong. This mattress is CertiPUR-US certified, free from harmful chemicals and comes with a 100-night trial as well as a 10-year warranty. When using code SLEEP30, take 30% off any mattress and enjoy free shipping right now. Zoma Hybrid Backed by athletes across baseball, basketball and more, Zoma mattresses boast relief for tired muscles. It features a breathable mesh-like stretch cover to keep sleep breathable. It also has a sturdy base to encourage alignment with contouring cooling gel memory foam. At CNN Underscored, we don't just browse; we dig deep to uncover the best deals online all year long. When 4th of July sales and Amazon Prime Day roll around, the discounts are in a league of their own, especially on big-ticket items like mattresses. Once you've figured out how to choose a mattress, we know that actually buying a mattress is a big investment, so we curated a list of mattress deals that prevent you from overspending. The Underscored deals team has over a decade of combined commerce journalism experience. Rikka Altland, Jacqueline Saguin and Elena Matarazzo source daily deals to curate one-offs and retailer-specific roundups of the best sales to shop. Searching everything from coveted tech essentials to home deals of the week, the team works across a wide variety of categories to ensure they're finding the best buys for our readers.
Bloomberg
21 minutes ago
- Bloomberg
Top India Bank Picks Citi, HSBC Among Six for $3 Billion Sale
By and Saikat Das Save State Bank of India has selected half a dozen investment bankers including the India units of Citigroup Inc. and HSBC Holdings Plc to manage its $3 billion share sale, according to people familiar with the matter, in one of the largest equity raisings in the country. The country's biggest lender has also chosen ICICI Securities, Kotak Capital, Morgan Stanley and SBI Capital for the fundraising, said the people who asked not to be identified because the matter is private. The appointments will be formalized soon as sale process is expected by end of July, they said.
