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The US dollar slipped as investor demand for safe assets waned following news of a ceasefire between the US and Iran, reflecting shifting global market sentiment and a renewed appetite for risk. Meanwhile, the IMF and World Bank announced steps to renew formal relations with Venezuela, a move that could open doors to international financial support and reshape diplomatic ties in the region.

On the technology front, OpenAI unveiled a new AI model aimed at professionals, intensifying competition in the artificial intelligence sector and fueling debate over the broader societal impact of such rapid innovation. In the US, political tensions flared as RFK Jr. clashed with House Democrats during a contentious budget hearing, underscoring ongoing divides over vaccine policy and race-related comments in the national discourse. Separately, Australian war crimes came under renewed scrutiny as Ben Roberts-Smith was granted bail following his arrest on murder charges, drawing international attention to military accountability.

Developing: Police continue to investigate the circumstances surrounding singer D4vd's arrest after a teen's body was found in a Tesla.