Iran Sets Terms for Talks: Conflict Resolution and Strait Access as Prerequisites

Iran's Foreign Ministry spokesperson stated that ending regional conflicts and lifting the blockade of the Strait of Hormuz are prerequisites for any talks with the U.S. The spokesperson accused Washington of seeking Iran's surrender rather than genuine dialogue, emphasizing that naval blockades violate international law, further complicating bilateral relations.

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Tech Stocks Lead Sharp Sell-Off: Nasdaq Plunges 2% as Broader Market Retreats

U.S. stocks faced significant selling pressure on May 13th, with major indices opening lower and extending losses. The tech-heavy Nasdaq Composite led the decline, falling 2%. The S&P 500 and Dow Jones also dropped. Semiconductor and chipmaking stocks were hit hardest, with several industry leaders posting sharp declines, signaling a shift in market sentiment.

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