Overnight News Summary for September 26

1. An American official revealed that the United States is engaged in "active and constructive" discussions with Iran following Iran's proposal to open the Strait of Hormuz and restart negotiations if the proposal is accepted. 2. Iran's Foreign Minister stated that Iran has conveyed a specific 7-day plan to the United States, and if the U.S. accepts it, the Strait of Hormuz will be opened. 3. Iranian President Pezeshkian stated that Iran supports the restoration of the Islamabad Memorandum of Understanding and the resolution of differences through dialogue and diplomacy. 4. The Trump administration is considering other measures to ease diesel price pressures rather than implementing a diesel export ban. 5. Solidigm, the U.S. solid-state storage subsidiary of SK Hynix, is considering an initial public offering as early as next year, with a valuation that could reach $150 billion. 6. U.S. President Trump stated that U.S. Treasury Secretary Bessent will not serve as the "AI czar." Trump said Bessent himself "doesn't want the position," and that he is currently doing an excellent job at the Treasury Department. 7. Anthropic is in talks for a data center capacity deal of 1 gigawatt, with the related investment expected to be at least $40 billion. 8. Russian Presidential Press Secretary Peskov stated on September 25 that a trilateral meeting between Russia, the United States, and Ukraine may be held in the near future, but there are currently no specific details. 9. European Central Bank Vice President Boris Vujcic stated that the ongoing war in the Middle East means energy prices will remain elevated for an extended period and may further transmit to broader inflation. 10. Kansas City Fed President Jeffrey Schmid stated that the inflation rate remains above the Fed's 2% target, and policymakers have not yet fully resolved the inflation problem. He said policymakers will pay attention to stock market valuations and economic performance, but will not be "too micro" in their observations.