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```htmlGolden Ten Data, May 11 — According to Tasnim News Agency on May 10, citing sources familiar with the matter, Iran has requested, in its proposal to the US, that the US Department of the Treasury's Office of Foreign Assets Control lift sanctions related to Iran's oil sales within 30 days.```

The surge in energy prices triggered by Iran’s closure of the Strait of Hormuz presents new challenges for U.S. policymakers, who have already struggled to bring inflation down to the Federal Reserve’s 2% target. “The U.S. is a bit further away from that situation, but for now, Europe, the UK, and possibly even Japan, are likely to see further tightening measures. I wouldn’t completely rule out the possibility of the U.S. taking similar action.” Given the current inflation trajectory and the uncertainties surrounding inflation, a U.S. rate cut could backfire, and such a move “would likely cause medium- and long-term interest rates to rise further.” (Financial Times)

Meanwhile, Jerry Wang has been appointed as Global Executive Chairman. The company plans to announce a series of upgraded transformational strategic initiatives next week, aiming to usher in a brand new growth phase as a physical AI enterprise.