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The Prime Minister of Malaysia stated that he will discuss with Putin the issue of increasing Russian oil supplies.

Glonghui, June 17 — Leading optical communications company Coherent surged over 4% in pre-market trading, reaching a high of $398.4; as of press time, the gain narrowed to 2.4%, with the stock trading at $392. On June 16, Coherent held a groundbreaking ceremony for its new plant in Sherman, Texas, officially launching the expansion of its manufacturing base. NVIDIA founder and CEO Jensen Huang attended the event alongside Coherent CEO Jim Anderson. Both parties reiterated the critical role of optical interconnection in AI infrastructure. This expansion aims to increase production capacity for 6-inch indium phosphide (InP) wafers, providing key manufacturing support for high-speed optical communication devices. In addition, the company announced it has signed a letter of intent to receive up to $50 million in direct funding from the U.S. Department of Commerce under the CHIPS and Science Act, to support the manufacturing base expansion.

⑴ After the signing of the temporary peace agreement between the US and Iran, the world is quietly waiting for the full resumption of navigation in the Strait of Hormuz. Meanwhile, the UAE is advancing a grand plan aiming to completely eliminate its reliance on this key shipping route. ⑵ UAE Minister of Foreign Trade, Thani Al Zeyoudi, stated: "We are moving towards the goal of not relying on the Strait of Hormuz at all, regardless of whether the channel resumes operation. The Strait will eventually reopen, and we look forward to that day coming soon, but the construction of our supporting projects will not come to a halt because of this." ⑶ Zeyoudi stated that the core of this plan is the large-scale expansion of the three eastern ports of Dibba, Fujairah, and Khor Fakkan, all of which are situated on the coast of the Gulf of Oman, outside of the Strait of Hormuz. The UAE will also build at least one new port on the same coastline. ⑷ He stated that the UAE will also make significant investments in new pipelines, railways, and road networks to connect the eastern ports with domestic oil and gas fields and petroleum facilities, creating dedicated transport corridors.