US and Iran hold talks at UNGA hours after Trump threatened to 'annihilate' Tehran

American and Iranian diplomats met Tuesday despite the US president's warning in his UNGA address.

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The United States and Iran held direct talks on the first day of the UN General Assembly, just hours after President Trump threatened to "annihilate" Iran in his opening address. Trump told reporters that US and Iranian officials met Tuesday, marking a rare diplomatic encounter between the two nations amid heightened tensions over Iran's nuclear program. The talks proceeded despite the president's aggressive rhetoric, which drew condemnation from Iranian officials who called the threat a violation of international law.

Separately, a major development unfolded at the White House as Trump revoked press credentials for CNN, MSNBC and Politico. The decision prompted other major networks, including Fox News, to pull out of the TV pool coverage in solidarity. The move significantly limits the president's media reach at a time when he traditionally uses the UNGA gathering to communicate directly with American audiences. CNN called the revocation "retaliation" for its coverage.

On economic matters, Trump said he supports a ban on diesel exports as fuel prices hit record highs. The president also indicated the US Justice Department could intervene to regulate artificial intelligence companies if necessary, without specifying what triggers such action.

The markets responded bullishly to the week's developments, with the Nasdaq reaching a record high close and AI stocks rallying.

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