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Riyadh Air CEO Tony Douglas discusses the company's "historic" first plane deliveries to the US. Speaking on "Bloomberg The Close," Douglas also comments on the competitive environment and how the airline is handling fuel costs.

Iran and the US have reached a deal to extend a truce and work toward an agreement to end the war, Axios reported, sending oil prices lower. Tyler Kendall reports on "Bloomberg Open Interest."

"Nobody's going to control it," President Donald Trump says when asked about the future of the Strait of Hormuz during a Cabinet meeting at the White House. Trump also says the US won't consider any sanctions relief for Iran until a deal is signed.

Senator Imee Marcos hopes the trial of impeached Philippine Vice President Sara Duterte would conclude by September and says she prefers that only evidence pertinent to the case would be presented in the proceedings. Duterte will be tried in the Senate that's set to start in July and Marcos, the estranged sister of President Ferdinand Marcos Jr., is among 13 lawmakers from the 24-member chamber allied with the vice president.

Taiwan prosecutors suspect three individuals successfully smuggled at least one shipment of Nvidia AI chips to China after first exporting them to Japan, people familiar with the matter said. The trio was detained for allegedly falsifying documents related to exports of Super Micro Computer servers containing advanced Nvidia chips, which the US has barred from sale to China without a license. Bloomberg Intelligence's Matthew Bloxham breaks down the situation.

For the past several months, the Civil Aviation Administration of China has delayed the final approval that allows Airbus jets to enter the country and be put into service, according to people familiar with the matter. The move signals impatience with how long European regulators are taking to certify Chinese-made aircraft. Bloomberg's Danny Lee reports.

Talks between Samsung Electronics and its largest labor union broke down, raising the prospect of a workers' strike. A general work stoppage will go ahead on Thursday, labor leader Choi Seung-ho told reporters. The collapse in negotiations puts the global technology supply chain at risk because Samsung is the world's biggest supplier of the chips that go into devices from data center servers to smartphones and electric vehicles. Bloomberg's Yoolim Lee reports.

"We may have to give (Iran) another big hit," President Donald Trump says while speaking with reporters at the White House.

Nvidia CEO Jensen Huang talks about the trip he took to China with President Donald Trump and other American business leaders. Huang says he didn't talk to the Chinese directly about selling them H200 chips. Huang and Michael Dell speak to Bloomberg's Ed Ludlow at the Dell World conference in Las Vegas.

President Donald Trump says he's going to have a great meeting with China's Xi Jinping. "My relationship with President Xi is a fantastic one. We've always gotten along and we're doing very well with China, and working with China has been very good, so we look forward to it," Trump said as he was leaving the White House for Beijing.