The US and Iran may resume talks this weekend. Trump said Iran has agreed not to possess nuclear weapons, but Iran has not yet responded.

· The US military has expanded its blockade of Iranian shipping to include weapons, ammunition, crude oil, refined petroleum products, steel, and aluminum. This news is bullish for crude oil, steel, and aluminum. · The head of the International Energy Agency warned that European aviation fuel stocks are only enough for six weeks, and some flights are likely to be canceled. This news is negative for the aviation industry. · TSMC's first-quarter profit surged 58%, exceeding expectations and setting a new record. This news is positive for TSMC.