Doug Krizner

Meantime, the index of home purchase applications slipped for a second straight week.

New York and New Jersey have issued subpoenas against FIFA over the ticket prices for the upcoming World Cup.

The state's Democratic attorneys general say they are looking at the games at MetLife Stadium in New Jersey, where fans say they were misled about where their seats are located.

FIFA is using dynamic ticketing this year, which has pushed prices far beyond previous World Cups.

And that is news when you want it.

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

News when you want it with Bloomberg News Now.

I'm Doug Krisner.

Crude oil prices are lower on signs the U.S.

and Iran are progressing toward an agreement to reopen the Strait of Hormuz.

These negotiations with Iran are also focused on an interim deal to extend the ceasefire.

President Trump said today the talks were proceeding nicely.

Speaking at a Memorial Day ceremony at Arlington National Cemetery, Trump reiterated Iran will never have a nuclear weapon.

Now, the U.S.

and Iran will still need to finalize key details of any agreement, and that would include whether ships transiting the Strait of Hormuz will be allowed free passage and how quickly billions of dollars in frozen Iranian funds will be released.

Meantime, an Iranian delegation traveled to Doha for consultations with senior Qatari officials on negotiations.

And separately, President Trump called on Saudi Arabia, Qatar, Turkey, and Pakistan to normalize diplomatic relations with Israel and join the Abraham Accords framework as part of a broader Iranian nuclear deal.

Pope Leo is warning about the dangers of artificial intelligence.

More from Bloomberg's Monica Ricks.

Artificial intelligence now demands to be disarmed, freed from logics that turn it into an instrument of domination, exclusion and death.