June 28th, 2026: US-Iran to Resume Talks, S.Korea to Unveil Mega Projects, More
episodePreviously titled “US-Iran to Resume Talks, S.Korea to Unveil Mega Projects, More” — renamed by the publisher on Aug 2, 2026
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News when you want it. With Bloomberg News Now, I'm Doug Krisner. The U.S. and Iran are set to meet this week in Doha, Qatar. And ahead of this meeting, the two sides have agreed to stop attacking each other. The key aim of these discussions will be to work out the spat over the Strait of Hormuz. On Sunday, Iran insisted it had the right to full control of the strait. Foreign Minister Abbas Harachi said the management and full reopening of the strait is Iran's responsibility. Here is Bloomberg's Jill Desus.
We've been back and forth on this so many times. We were supposed to enter a period of the 60-day ceasefire during which they could talk through some of these really, really weighty topics. Maybe now we'll actually see something. We're expecting talks in Doha this week. Axios is reporting that The nature of those talks is going to revolve around the opening of the Strait of Hormuz, keeping that open and keeping traffic flowing through. But there's a lot of other weighty topics that the U.S. and Iran really have to kind of come to terms with. A lot of the discussions so far have been focused on just really technical considerations over Iran's nuclear program. So, again, a lot to chew through here.
That was Bloomberg's Jill Desus. As we know, a major sticking point is whether ships seeking to sail through the strait will have to pay tolls. Over the weekend, Oman told European officials vessels may ultimately have to pay some fees. South Korea will unveil a sweeping industrial strategy later today, and it's expected to focus on sectors including semiconductors, AI data centers, and physical AI. At the same time, Samsung and SK Group are expected to announce major investment plans. Korea Economic Daily says the value is expected to be $1.3 trillion over the next 10 years. Here is Bloomberg's Songmi Cha.
consensus here from the market watchers is that this is a positive because this means that the money is going to continue to flow for the next 10 years.
What are the latest developments in US-Iran relations?
But again, this is a flagship industrial plan from the president. So there has been a lot of discussion whether this is only corporate or is this a combination of some government and corporate efforts. But whether it's one way or the other, the money is definitely flowing in here.
That is Bloomberg's Sungmi Cha. A helicopter operated by Saudi Aramco crashed in Ras Tanura on Sunday. All 14 passengers on board were killed. This incident occurred in an area that is the center of Saudi Arabia's energy industry. Authorities are still investigating the cause. In Venezuela, the death toll from last week's twin earthquakes is greater than 1,400. Rescue teams are still attempting to pull survivors from the rubble. As of Saturday, more than 2,200 rescue workers from across the world had arrived. Now the government is facing growing criticism for what Venezuelans are calling inadequate responses. Thousands have been reported missing. In the states, at least four people died in Kentucky following dangerous storms over the weekend.
Additional rainfall is expected and Kentucky Governor Andy Beshear has declared a state of emergency.
We're still in the search and rescue phase and after we make sure that everyone is safe, we'll be doing damage assessments in communities because we're going to be asking for both public assistance and individual assistance from the federal government.
That is Kentucky Governor Andy Beshear. Three firefighters were killed and two sustained burn injuries while tackling wildfires on the Colorado-Utah border in hot, windy conditions.
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