The US Department of Commerce has lifted export controls on Anthropic’s most advanced AI models, Claude Fable 5 and Mythos 5, allowing the company to restore access for overseas users. The restrictions were imposed after Amazon identified a jailbreak that could bypass Fable’s safety guardrails, prompting an emergency suspension of foreign use. Anthropic said the controls were removed after it worked with the government to strengthen protections, though it did not disclose the specific technical changes.

The Trump administration imposed emergency export controls on Anthropic’s newest AI model, Claude Fable 5, and ordered it taken offline over alleged “jailbreak” risks; the earlier Mythos model had also been restricted. Anthropic has been allowed to provide Mythos 5 to trusted organizations, while the public release of Fable 5 is limited to a version the company says has “no offensive capability.” The episode marks a sudden tightening in U.S. AI oversight, disrupting model deployment timelines and weighing on short-term demand expectations for high-end chips and advanced-node foundry manufacturing.

Australia’s competition regulator has used newly granted powers to block Coles’ plan to open a second supermarket and a Liquorland store near Kalgoorlie Airport, citing risks to competition. The Australian Competition and Consumer Commission said the acquisition was likely to substantially lessen competition in the local market. It is the first time the ACCC has used the new powers to stop a supermarket expansion. Coles said it disagrees with the decision and is considering an appeal.

Britain’s energy regulator Ofgem has raised its price cap, lifting household gas bills by 24% and electricity bills by 5%, largely due to higher gas costs. Cornwall Insight said the fallout from the USIsraeli war with Iran continues to push up energy prices into the winter even after a temporary USIran truce. The new cap covers 33 million households, and the push to submit meter readings has grown more urgent as smart meter take-up remains limited.

Australian Prime Minister Anthony Albanese described an alleged bank data breach as a “serious issue”, linked to claims that a former EY employee illegally accessed a politician’s banking information. Assistant Treasurer Dan Mulino released a consultation paper proposing tougher oversight of accounting, auditing and consulting firms, with a focus on conflicts of interest, partnership limits and audit surveillance. EY declined to comment. Two suspects have been charged and the case has been adjourned to August 25.

California’s gasoline tax will rise by 2.2 cents per gallon on Wednesday to about 63 cents per gallon, keeping it the highest in the United States. The change is a routine adjustment required under the 2017 SB 1 law’s annual inflation mechanism. President Donald Trump urged retailers on Truth Social to cut prices and warned against price gouging, while Gov. Gavin Newsom’s office pushed back by citing Trump’s earlier remarks about benefiting from higher oil prices. Sen. Adam Schiff blamed high gas costs on U.S.-Iran hostilities, though CNN said California’s heavy tax burden is also a major factor, and the state’s retail gas price is currently the nation’s second-highest behind Hawaii.

Cotton futures ended June higher, with contracts up 22 to 43 points even after the USDA put spring cotton plantings at 9.85 million acres, above trade ideas of 9.6 million and the March figure of 9.64 million. The July contract settled at 72.22 cents per pound. Crop Progress data showed 9% of fields setting bolls and conditions at 48% good/excellent, down 5 percentage points on the week, with Texas ratings falling 14 points. Crude oil slipped $0.82/bbl to $69.83 and the U.S. dollar index rose $0.118 to $100.995.

President Donald Trump warned gasoline retailers they could face “big problems” if they do not quickly lower pump prices, arguing crude oil has fallen to $68 a barrel. He urged stations to aim for around $2.50 a gallon and accused some operators of price gouging. The national average price for regular gasoline is $3.91 per gallon, down for a fifth straight week. Forecasts for 2026 average oil prices were lowered to $84.50 a barrel for Brent and $79.49 for WTI after a U.S.-Iran ceasefire agreement and the reopening of the Strait of Hormuz.