US Treasury sanctions Iranian foreign currency exchange house; targets entities in Iran’s shadow banking system

Blackstone (BX) is said to drop pursuit of EUR 2.5bln Stroeer deal, Bloomberg reports

US President Trump says may have to give Iran another hit but not sure yet; says Iran is begging to make a deal; "you'll know very soon if we have to make another big hit"; On timeline for Iran, says 2-3 days, maybe till early next week

US Treasury sanctions Iranian foreign currency exchange house; targets entities in Iran’s shadow banking system

US Treasury Secretary Bessent accuses the Gaza-bound flotilla of trying to undermine Trump’s peace efforts, saying Treasury will keep targeting Hamas’ global financial networks

Cisco (CSCO) management says around 4-5 points of the acceleration came from price increases, implying underlying ex-hyperscale growth of roughly 14-15%; Orders rose 35% in the quarter; excluding hyperscale, the rest of the business still rose 19%