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UN Secretary-General António Guterres, through his spokesperson, issued a statement welcoming the US announcement of an extension of the ceasefire, considering it an important step toward de-escalation and creating crucial space for diplomatic engagement and trust-building between Iran and the United States.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.59% to 49,149.38 points, the S&P 500 fell 0.63% to 7,064.01 points, and the Nasdaq Composite fell 0.59% to 24,259.96 points. Merck fell nearly 4%, and Honeywell International fell more than 3%, leading the decline in the Dow. The Wind U.S. Tech Big Seven Index fell 0.82%, Apple fell more than 2%, and Tesla fell more than 1%. 2. All three major European stock indexes closed lower. The German DAX fell 0.6% to 24,270.87 points, the French CAC40 fell 1.14% to 8,235.72 points, and the UK FTSE 100 fell 1.05% to 10,498.09 points. 3. The U.S. crude oil futures contract rose 3.2% to $90.22 per barrel; the Brent crude oil futures contract rose 3.75% to $99.06 per barrel. 4. International precious metal futures generally closed lower, with COMEX gold futures down 1.87% to $4,738.50 per ounce and COMEX silver futures down 4.21% to $76.67 per ounce.According to the New York Times, SpaceX has agreed to acquire Cursor for more than $50 billion.SpaceX: Cursor has also granted SpaceX the right to acquire Cursor for $60 billion later this year, or to pay $10 billion for the partnership.U.S. stock index futures opened higher on Wednesday, with Nasdaq futures up 0.4%; spot gold and silver also rose, with gold up 0.1% and silver up 0.5%.

Musk claims Starlink will seek an exemption from Iranian sanctions

Skylar Williams

Sep 20, 2022 10:57

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SpaceX CEO Elon Musk revealed on Monday that the company will seek an exemption from Iran-related sanctions in order to sell its Starlink satellite broadband service in the nation.


Musk made the statement on Twitter (NYSE:TWTR) amidst widespread protests in Iran following the murder of a woman in police custody. A number of Twitter users asked Musk to deploy satellite-based internet stations.


Internet monitoring company NetBlocks reported "near-total" loss of internet connectivity in the Kurdish region's capital on Monday, attributing it to the demonstrations.


Iran's Ministry of Communications and Information Technology could not be reached immediately for comment. Reuters did not receive prompt responses from the foreign ministry, Iran's envoy to the United Nations, and the United States Bureau of Industry and Security.


Musk did not say which country Starlink would seek exemptions from, but Iran is subject to significant restrictions.


To rapidly expand Starlink, SpaceX is competing with OneWeb and Amazon.com Inc. 's (NASDAQ:AMZN) unlaunched Project Kuiper.