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AAP
AAP
Wayne Cole and Amanda Cooper

Stocks shake off some Iran jitters as AI rules supreme

Gulf Japan United States

Global stocks have traded at record highs as the AI boom continues to drive demand, offsetting news of fresh attacks in the Gulf that challenged optimism about a reopening of the Strait of Hormuz and lifted oil ‌prices.

While negotiators from Washington and Tehran are apparently working to hammer out a deal, US President Donald Trump had been silent on their progress until posting that everyone should "just sit back ‌and relax".

Speaking on Saturday, Defense Secretary Pete Hegseth said the US was ready to restart attacks on Iran if a deal could not be reached.

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