Doug Krisner

OpenAI is reportedly leaning toward holding off on its IPO until next year.

The New York Times reports bankers for OpenAI say recent volatility in tech stocks and in SpaceX shares in particular, after its record IPO, could dampen enthusiasm from retail investors for OpenAI's initial public offering.

Bloomberg's Romain Bostic says waiting may be a smart move if the company wants to maximize its value.

That is Bloomberg's Romain Bostic.

He went on to say that OpenAI CEO Sam Altman views a potential valuation under a trillion dollars as a non-starter.

In sports, the group stages of the World Cup are drawing to a close.

Groups D, E, and F all wrap up tonight.

In Group E, Ecuador clinched a spot in the knockout round after upsetting Germany 2-1, and Ivory Coast advances with a 2-0 win over Curacao.

Meantime, the Netherlands secured a win in Group F after defeating Tunisia 3-1.

At the same time, second and third place finishers Japan and Sweden will both advance to the knockout round after a one-all draw.

Group D wraps up later tonight with the U.S.

taking on Turkey and Paraguay meets Australia.

And that is news when you want it.

With Bloomberg News Now, I'm Doug Krisner and this is Bloomberg.

News when you want it.

With Bloomberg News Now, I'm Doug Krisner.

Crude oil prices spiked today after Iran attacked a Singapore-flagged cargo ship in the Strait of Hormuz.

According to UK Maritime Trade Operations, the attack inflicted damage to the ship's bridge but left no casualties.

This took place near the coast of Oman.

Hours earlier, Iran's navy had warned vessels not to use routes through the strait that hadn't been permitted by the regime.