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According to South Korean media outlet News1, the South Korean Defense Minister stated that he discussed wartime command and nuclear submarine issues with U.S. Defense Secretary Hergsays.

S&P expects trade relations between Mexico and the United States to remain strong. Uncertainty surrounding the renegotiation of free trade agreements is dampening investor sentiment.

S&P downgraded Mexico's rating outlook to "negative" due to reduced fiscal flexibility, while affirming its "BBB" foreign currency rating.

Iranian reports indicate that another earthquake has struck Tehran, Iran.

On May 13, Egyptian Prime Minister Madbouly stated on May 12 that relations between Egypt and China maintain a strong momentum of development, and Egypt hopes to further strengthen the comprehensive strategic partnership between the two countries. Madbouly spoke highly of the significant progress made in Egypt-China economic cooperation, particularly in investment, trade, and tourism, and noted the fruitful results of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, highlighting the important role Chinese enterprises played in the infrastructure projects of the new administrative capital.

Nvidia (NVDA.O) will hold its annual online conference on June 24.

May 13 - According to SEC filings, Nvidia (NVDA.O) President and CEO Jensen Huang's total compensation for fiscal year 2026 is $36.3 million.

On May 13th, U.S. chip stocks experienced one of their toughest trading days of the year on Tuesday, with some of the market's best-performing stocks experiencing dramatic reversals. Broadcom (AVGO.O), Intel (INTC.O), and Micron Technology (MU.O) were among the five worst-performing stocks in the S&P 500 and Nasdaq 100 indices. The Philadelphia Semiconductor Index, which has risen more than 60% year-to-date, fell as much as 6.8% intraday, its biggest intraday drop in over a year, before ultimately closing down 3%. Almost all of its components closed lower, with Qualcomm (QCOM.O) leading the decline with an 11.4% drop. The only gainer was Nvidia (NVDA.O), which has underperformed the sector as a whole this year. Murphy, co-head of derivatives strategy at Susquehanna International, said, "The historic rally in chipmakers can't last forever. This sell-off was due long ago after the incredible surge, but because the market is still gripped by FOMO, this pain may not last long."

U.S. crude oil inventories at Cushing, Oklahoma, fell by 1.755 million barrels in the week ending May 8, compared with a previous week's decrease of 1.045 million barrels.

U.S. API distillate fuel inventories fell by 319,000 barrels in the week ending May 8, compared with an expected decrease of 2.995 million barrels and a previous decrease of 4.642 million barrels.

U.S. gasoline inventories for the week ending May 8 were 502,000 barrels, compared with an expected decrease of 2.549 million barrels and a previous decrease of 6.107 million barrels.

Iranian Foreign Ministry: The Norwegian Deputy Foreign Minister met with the Iranian Foreign Minister.

VinFast (VFS.O): The company is undergoing a corporate restructuring. Some of its core businesses will be spun off from VinFast Trading and Production JSC into a newly formed entity.

US President Trump: When fake news media claim that Iran is militarily performing well for the United States, it's practically tantamount to treason, because such claims are completely false and even absurd. The Iranian navy, which once had 159 ships, is now completely sunk. They have no navy, no air force, all technological capabilities destroyed, their "leader" gone, and the country is now in economic disaster.

According to the Iranian Students' News Agency, a 3.4-magnitude earthquake struck the Perdis region of Tehran, with a depth of 8 kilometers.

White House National Economic Council Director Hassett: Trump is confident that the Strait of Hormuz will open soon.

According to Iranian media: An earthquake has occurred in Tehran, Iran.