NEW YORK — Elon Musk drew attention to the ancient Persian origins of the Strait of Hormuz on Monday, noting its connection to Ahura Mazda, the supreme deity in Zoroastrianism, in a post that quickly sparked widespread discussion about Iranian history and cultural heritage.

The tech executive and owner of X posted: “Straits of Hormuz are named after Ahura Mazda from Zoroastrianism.” The comment, which received significant engagement, highlighted the pre-Islamic roots of the strategically vital waterway that connects the Persian Gulf to the Gulf of Oman and serves as a critical chokepoint for global oil shipments.

Straits of Hormuz are named after Ahura Mazda from Zoroastrianism

— Elon Musk (@elonmusk) June 8, 2026

The Strait of Hormuz has long been a focal point in geopolitics due to its role in transporting approximately 20% of the world’s seaborne petroleum. Musk’s reference to its etymology underscores the region’s deep historical and cultural layers that predate its current geopolitical significance. Ahura Mazda, meaning “Wise Lord,” represents the central figure in Zoroastrianism, one of the world’s oldest monotheistic religions that originated in ancient Persia.

Musk’s post resonated with users interested in Iranian history, with many responding by sharing additional context about Persian heritage and the influence of Zoroastrianism. Several replies emphasized that Iran’s cultural identity extends far beyond its modern political boundaries, with users noting the ancient kingdom and linguistic connections tied to the name Hormuz.

The Strait takes its name from the historical region and port city of Hormuz (also spelled Ormuz), which itself derives from Middle Persian “Hormazd” or “Ohrmazd,” a variation of Ahura Mazda. Ancient Persian kingdoms and trade routes in the area long predated Islamic conquests, with Zoroastrianism serving as the dominant religion for centuries.

Discussions following Musk’s comment touched on broader themes of cultural preservation and historical identity. Some users pointed to linguistic shifts over time, with Persian names and terms evolving or being adapted through different eras of rule. Others used the moment to reflect on Iran’s pre-Islamic heritage, describing Zoroastrianism as a foundational element of Persian civilization known for its emphasis on good thoughts, good words and good deeds.

The post comes amid ongoing global attention on the Strait of Hormuz due to its strategic importance. Any disruption in the waterway can have significant effects on energy markets, as evidenced by previous incidents that caused spikes in oil prices. Musk’s observation added a cultural and historical dimension to conversations that are often dominated by security and economic considerations.

Musk has frequently engaged with topics related to history, technology and civilization on his platform. His interest in ancient cultures and long-term civilizational trends aligns with his public commentary on humanity’s future, space exploration and sustainable energy.

For many observers, the comment served as a reminder of the deep historical roots underlying modern geopolitical flashpoints. The Strait of Hormuz region has been a center of trade and cultural exchange for millennia, with influences from Persian, Arab, Indian and other civilizations shaping its development.

Zoroastrianism, founded by the prophet Zoroaster (also known as Zarathustra), emphasized ethical dualism between good and evil, with Ahura Mazda representing wisdom and order. The religion influenced later monotheistic faiths and left a lasting imprint on Persian culture, language and traditions even after the spread of Islam.

In contemporary Iran, small Zoroastrian communities continue to practice their faith, preserving rituals and texts that connect directly to ancient Persian heritage. Musk’s reference brought renewed visibility to these historical connections at a time when the region remains in the international spotlight.

The response to the post included a mix of educational comments, personal reflections and political viewpoints. Some users expressed appreciation for highlighting pre-Islamic Persian history, while others engaged in debates about cultural identity and historical narratives. The discussion illustrated how a single historical fact can spark broader conversations about heritage, politics and identity.

Musk’s platform continues to serve as a space for wide-ranging topics, from technology and business to history and culture. His willingness to share observations on diverse subjects often generates significant engagement and draws in users from around the world.

As global energy markets monitor developments around the Strait of Hormuz, Musk’s comment added a layer of historical context to ongoing discussions about the waterway’s importance. The ancient name’s connection to Zoroastrianism serves as a reminder of the region’s rich multicultural past that continues to influence its present significance.

The episode highlights how digital platforms can surface historical facts and spark public interest in topics that might otherwise remain in academic circles. For many, Musk’s post provided an accessible entry point to learning more about Persian civilization and its contributions to world history.

While the Strait of Hormuz remains a critical economic and strategic asset in the 21st century, its name carries echoes of much older civilizations and belief systems. Musk’s observation bridged ancient history with contemporary relevance, demonstrating how cultural heritage continues to shape perceptions of important global locations.

As discussions continue online, the post serves as another example of how brief comments on historical facts can generate widespread interest and reflection on deeper civilizational themes. For those exploring the topic further, resources on Zoroastrianism and ancient Persian history provide rich context for understanding the enduring legacy embedded in the name of this vital maritime passage.

NEW YORK — Speculation about LeBron James potentially joining the Golden State Warriors has gained momentum as the NBA superstar prepares for free agency, with reports of discussions involving Stephen Curry and longstanding ties to coach Steve Kerr adding fuel to the possibility of one of the league’s most unlikely team-ups.

James, who will turn 42 in December, is expected to enter unrestricted free agency after declining his player option with the Los Angeles Lakers. While the Lakers remain a strong contender to retain the four-time NBA champion, the idea of James teaming with Curry in Golden State has captured widespread attention across the basketball world.

According to multiple reports, Curry is preparing to meet with James in the coming weeks to discuss the potential move. The prospect of two generational talents who once defined an era of NBA Finals battles now sharing a roster represents one of the most intriguing storylines heading into the offseason.

The relationship between James and Warriors coach Steve Kerr, strengthened during their time together on the gold medal-winning U.S. Olympic team in Paris in 2024, has been cited as a meaningful connection. Kerr has publicly expressed admiration for James’ impact on the game, and their Olympic collaboration is understood to have built mutual respect between the longtime rivals.

James has spent the last eight seasons with the Lakers, delivering a championship in 2020 and maintaining elite production despite his age. His business interests, including SpringHill Company, and family roots in Southern California have long been viewed as factors favoring a long-term stay in Los Angeles. However, the Lakers’ recent postseason struggles have prompted fresh speculation about his future.

Golden State, led by Curry, presents a different opportunity. The Warriors have built a competitive roster around their veteran core, and adding James could create a formidable lineup blending experience, scoring and playmaking. Draymond Green, a close friend of James, remains a key figure in Golden State’s locker room, while other roster pieces could complement James’ style of play.

The possibility of James and Curry becoming teammates marks a dramatic evolution from their intense rivalry. The two stars faced off in four consecutive NBA Finals from 2015 to 2018, producing some of the most memorable playoff basketball in league history. Their Olympic experience together is said to have fostered a deeper appreciation beyond competition.

For the Warriors, acquiring James would represent a significant roster upgrade as they seek to return to championship contention. The team has shown flashes of brilliance in recent seasons but has faced challenges maintaining consistency. Pairing Curry’s shooting with James’ all-around brilliance could create one of the most dynamic offenses in the league.

Financial considerations will play a major role. The Lakers are projected to have substantial salary cap flexibility, allowing them to offer James a competitive contract. Golden State’s cap situation is more constrained, though creative structures and roster moves could open pathways. James’ decision will ultimately weigh basketball fit, family priorities and long-term legacy.

James has consistently emphasized family as his top consideration. With son Bronny already on the Lakers roster and Bryce playing college basketball nearby, any move would require careful thought regarding family logistics. His off-court business empire, deeply rooted in Los Angeles, adds another layer of complexity.

League insiders caution that while discussions may occur, a move to Golden State faces significant hurdles. The Warriors would need to create sufficient cap space or use exceptions creatively, and James has shown loyalty to the Lakers organization that delivered him a title.

Still, the rumor has generated excitement among fans. A James-Curry partnership would instantly become one of the most compelling storylines in the league, blending two of the greatest players of their generation in pursuit of another championship.

For Golden State, the move could accelerate a retooling effort around Curry as he enters the later stages of his career. The Warriors have maintained competitiveness through savvy roster construction, and adding a player of James’ caliber would immediately elevate their title hopes.

James’ production remains remarkable for his age. He continues to deliver strong numbers in scoring, assists and rebounding while impacting games with leadership and basketball IQ. His ability to elevate teammates has been a hallmark throughout his career, making him an attractive target for contending teams.

The broader NBA landscape adds context to the speculation. With several teams possessing cap space and contending aspirations, James’ free agency is expected to influence roster moves across the league. His decision will be closely watched by executives, players and fans alike.

While the Lakers are widely viewed as the favorite to retain James, the Warriors’ interest highlights the intrigue surrounding his next chapter. Any potential meeting between Curry and James would carry symbolic weight given their history of fierce competition.

As free agency approaches, James is expected to take time with his family before making a decision. His track record of bold moves, from “The Decision” in 2010 to multiple team changes, shows a willingness to embrace new challenges when the timing feels right.

For now, the rumors serve as a reminder of James’ enduring influence on the league. Whether he stays with the Lakers, returns to Cleveland or explores new opportunities like Golden State, his choice will shape the 2026-27 season and spark conversations for months to come.

The possibility of James and Curry teaming up represents the ultimate “what if” scenario for many fans who watched their rivalry define an era. As discussions unfold, the basketball world waits to see if two of the game’s greatest players will write one final, unexpected chapter together.

India, which has traditionally been a textile powerhouse, is at an inflexion point to regain its lost glory after some recent market share loss, said Emkay Global Financial Services as it initiated coverage on the textile sector with a ‘Buy’ call on the shares of Arvind, Nitin Spinners and Sanathan Textiles.

In its report, Emkay Global said India has lost market share in the global apparel trade, which has been stagnant at 3-4% over the past 15 years. However, it believes that the sector may soon see a turnaround led by a strengthening domestic MMF ecosystem, free trade agreements (FTA) with major economies, 7-8% US tariff gap compared to China, favourable regulatory taxes, robust corporate balance sheets and the fastest-growing domestic apparel market.

The brokerage highlighted that Indian textile and apparel manufacturers have largely emerged unscathed from multiple shocks like the COVID-19 pandemic, Russia-Ukraine war, hostile US tariffs and more. “We believe the ongoing West Asia crisis, too, will have a short-term impact on margins (higher energy, logistics costs), which should see a sharp recovery on attaining normalcy. Backed by a robust domestic market, favourable USD-INR rate, and a strong balance sheet, we believe domestic players would be able to absorb future shocks too,” it said.

Emkay called spinners an attractive category, citing several tailwinds. USDA has said that global cotton demand will outpace supply in the upcoming season as cotton production is likely to be hit by the mega El Nino impact, lower water reservoir levels and other factors. This has already resulted in rising cotton prices. “Given the likely global cotton shortage, we expect yarn spreads to at least be rangebound at current levels in the near term,” Emkay said.

Also read: Time for a relook at textile sector as tariff tantrum may soon be history?

Technical textiles, meanwhile, are the sunrise segment, according to the brokerage. These textiles find use in packaging materials, defence uniforms or equipment, auto interiors, industrial ropes and nets, etc. They enjoy superior operating margins of 15-30%. “Technical textiles’ domestic market size saw 7-8% CAGR over FY20-26P; we expect this to increase to early-double digits over the next 5Y, mainly on the back of 1) multiple FTAs; 2) tariff differential vs China; 3) ecosystem boost led by PLIs and PM MITRA parks; and 4) GST cuts on MMF fibers and yarns to 5% (from 12%),” Emkay said.

Emkay on Arvind share price

Emkay initiated coverage on Arvind shares with a ‘Buy’ call and a target price of Rs 700 apiece. This implies an upside potential of nearly 42% from the stock’s previous closing price of Rs 493.70 apiece on NSE.
The shares of the company have gained 5% in one week, 15% in one month and 57% in 2026 so far, bucking the overall market downtrend.

Emkay on Nitin Spinners

Nitin Spinners also got a ‘Buy’ rating from Emkay, which assigned a target price of Rs 750 apiece for the stock. This implies an upside potential of 40% from the previous closing price.The shares of Nitin Spinners have jumped 6% in five days and 12% in one month. The stock overall gained 69% in 2026 so far.

Also read: Sterlite Tech shares slide 5% after rallying 56% in one month. Here’s why

Emkay on Sanathan Textiles

Emkay has a ‘Buy’ call for the shares of Sanathan Textiles, with a target price of Rs 550 apiece. This implies an upside potential of 39% from the previous closing price.

The shares of the company tumbled more than 9% in one month, and are down 5% in 2026 so far.

Also read: Why is market crashing today?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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NEW YORK — Selena Gomez has sparked fresh speculation about her involvement in Taylor Swift’s rumored wedding by sharing an intriguing update about her cosmetics brand Rare Beauty on social media.

The 33-year-old actress and singer posted a series of images on Instagram on Saturday showcasing her makeup skills while filming the new season of the Hulu series “Only Murders in the Building.” In the caption, Gomez wrote, “Something very, very exciting is happening with @rarebeauty,” accompanied by a nod to singer Olivia Dean’s 2023 song “I Could Be a Florist.”

Fans quickly interpreted the post as a subtle hint that Gomez may serve as a flower girl at Swift’s anticipated wedding to Travis Kelce. The theory gained traction as followers recalled Gomez previously revealing she would be a flower girl at her own secret engagement announcement to Benny Blanco in 2024. Many comments suggested the “Love On” singer was teasing a similar role in her best friend’s high-profile nuptials.

The Swift-Kelce wedding rumors have intensified in recent weeks, with multiple unconfirmed reports claiming the couple plans to tie the knot on July 4 at Madison Square Garden in New York. Neither Swift nor Kelce’s representatives have commented publicly on the speculation, leaving fans and media to piece together details from social media activity and industry sources.

Gomez and Swift have maintained a close friendship for years, often supporting each other publicly through social media and joint appearances. Their bond has been a consistent theme in entertainment coverage, with Gomez frequently expressing admiration for Swift’s artistry and personal strength. The possibility of Gomez participating in the wedding aligns with their long-standing sister-like relationship.

Gomez’s Instagram post comes at a busy time. She is currently filming the latest season of “Only Murders in the Building” alongside Steve Martin and Martin Short. The mystery-comedy series has been a critical and commercial success for Hulu, showcasing Gomez’s range as an actress beyond her music and beauty empire.

Rare Beauty, founded by Gomez in 2020, has grown into a significant player in the clean beauty space. The brand emphasizes mental health awareness and inclusivity, values that Gomez has championed throughout her career. The teased “very exciting” development could involve a new product launch, collaboration or campaign, though details remain undisclosed.

The timing of Gomez’s post has fueled wedding-related excitement among Swift’s global fanbase, known as Swifties. Social media platforms lit up with theories, fan edits and supportive messages celebrating the friendship between the two stars. Many noted the poetic connection between the song choice and the floral theme often associated with weddings.

Gomez’s journey from child actress to multifaceted entertainer has been marked by openness about mental health struggles and personal growth. Her relationship with Blanco, announced quietly last year, has been portrayed as a source of stability and joy. Fans see parallels in how both Gomez and Swift have navigated fame while prioritizing authentic connections.

Swift and Kelce’s relationship has captivated the public since it became public in 2024. The NFL star and the record-breaking musician have been spotted together at games, events and private outings, generating substantial media coverage and boosting Kelce’s visibility beyond sports. Their rumored wedding would represent a major cultural moment, blending pop music, sports and celebrity in a high-profile celebration.

Industry observers note that any involvement by Gomez would add another layer of star power to the event. Her presence as a flower girl would echo the playful, personal touches that have characterized Swift’s public persona. The singer’s close circle of friends, often referred to as her “squad,” has long been a source of support and inspiration in her life and work.

While wedding details remain unconfirmed, the speculation has already influenced cultural conversations. Fashion experts predict significant interest in bridal trends, while entertainment analysts anticipate increased engagement across platforms whenever new information emerges.

Gomez’s Rare Beauty update serves as a reminder of her entrepreneurial success alongside her acting and music careers. The brand’s focus on accessibility and mental wellness has resonated with consumers, contributing to its rapid growth in the competitive beauty market. Any new announcement tied to the brand would likely generate substantial commercial interest.

As Gomez continues balancing multiple projects, her willingness to share personal moments like the Instagram post strengthens her connection with fans. The post not only teases business developments but also subtly acknowledges her friendship with Swift at a potentially significant time.

For Swifties and Gomez’s supporters, the overlapping storylines create an exciting narrative of friendship, success and celebration. Whether the Rare Beauty tease directly relates to wedding festivities or represents an independent brand milestone, it has amplified anticipation around both women’s current chapters.

The coming weeks are expected to bring more clarity on Swift and Kelce’s plans, as well as Gomez’s teased Rare Beauty initiative. Until then, fans will continue parsing social media clues and celebrating the bonds that connect these prominent figures in entertainment.

Gomez’s message, though brief, carries emotional weight for those following the intertwined stories of these stars. It reinforces themes of gratitude, friendship and personal achievement that have defined much of her public journey. As anticipation builds, the entertainment world watches closely for the next chapter in these high-profile narratives.

SYDNEY — Rio Tinto Ltd. shares declined on Friday, closing at A$184.58 after losing 3.50 or 1.86%, as softer iron ore prices and cautious sentiment across the resources sector weighed on Australia’s second-largest mining company.

The move extended recent weakness for the diversified miner, which has faced headwinds from fluctuating commodity markets despite solid operational performance. Rio Tinto, a major global producer of iron ore, copper, aluminum and other critical minerals, remains highly sensitive to developments in China and broader industrial demand.

Trading volume was elevated as the stock underperformed the broader S&P/ASX 200 index. The decline reflects ongoing investor rotation away from resource stocks amid concerns over near-term demand signals from major economies. Iron ore, Rio Tinto’s flagship commodity, has experienced volatility in recent weeks, pressuring valuations across the sector.

Analysts noted that while Rio Tinto maintains strong fundamentals, near-term commodity softness has dominated market narratives. The company’s low-cost operations and diversified portfolio have historically provided resilience, but current pricing dynamics have led to profit-taking and cautious positioning by investors.

Rio Tinto has reported robust production figures in 2026, with iron ore output meeting or exceeding guidance at key Pilbara operations in Western Australia. Copper production has also shown growth, supported by assets in Mongolia and elsewhere. The company continues advancing projects in lithium and other future-facing minerals, aligning with global energy transition trends.

Despite these operational strengths, share price performance has been influenced by external factors. Chinese steel production and property sector activity remain key variables for iron ore demand. Recent data showing moderation in some industrial indicators has contributed to the recent pullback in mining stocks.

Rio Tinto maintains a disciplined approach to capital allocation, with strong free cash flow supporting dividends and selective growth investments. The company’s interim dividend has been well-received by income-focused investors, providing a reliable yield even during periods of commodity volatility.

For longer-term investors, Rio Tinto offers exposure to structural demand drivers in copper and other metals essential for electrification and renewable energy technologies. Its Pilbara iron ore operations remain among the world’s most efficient, providing competitive advantages through the cycle.

Valuation metrics suggest the shares trade at reasonable levels relative to historical averages when considering long-term commodity outlooks. However, near-term uncertainty around China’s economic trajectory and global growth prospects has introduced volatility.

Broader Australian resources sector context shows similar pressure on major players. The sector, a significant contributor to the national economy and ASX performance, has been a key driver of gains earlier in the year but now faces consolidation amid mixed signals.

Looking ahead, Rio Tinto’s upcoming operational updates and production guidance will be closely monitored. The company continues investing in automation, sustainability initiatives and low-carbon technologies across its portfolio. Projects such as the expansion of copper operations and exploration in critical minerals position it for potential growth as global demand evolves.

Global factors, including U.S.-China trade dynamics, energy prices and geopolitical developments, continue to influence commodity markets. Rio Tinto’s diversified asset base across multiple continents provides some natural hedges against regional disruptions.

Analysts generally maintain constructive longer-term views on Rio Tinto, citing its operational excellence, strong balance sheet and exposure to future-facing commodities. While near-term headwinds exist, the company’s scale and low-cost production should support margins through market cycles.

For investors, the current share price level may represent an opportunity to accumulate a high-quality mining stock with diversified exposure. Those with shorter time horizons might prefer waiting for clearer signals on commodity prices and Chinese demand indicators.

The modest decline on Friday fits within normal daily movements for a company of Rio Tinto’s size. It reflects broader sector sentiment rather than company-specific news. Rio Tinto has not released material updates that would explain the session’s trading.

As one of Australia’s largest listed companies, Rio Tinto plays a vital role in the national economy through employment, exports and tax contributions. Its performance influences broader market confidence and reflects conditions in global commodity markets.

Rio Tinto continues emphasizing safety, sustainability and community engagement across its operations. Its commitment to reducing carbon emissions and investing in renewable energy projects aligns with evolving stakeholder expectations and regulatory requirements.

Investors evaluating Rio Tinto should consider individual risk tolerance, portfolio allocation and time horizon. The company offers exposure to global commodity cycles with a high-quality operator, but volatility remains inherent to the mining sector. Diversification across industries can help manage company-specific and cyclical risks.

Friday’s trading session served as a reminder of the resources sector’s sensitivity to sentiment shifts. While near-term pressures exist, structural drivers supporting demand for Rio Tinto’s key commodities suggest potential for recovery as markets digest current uncertainties.

Market participants will now assess next week’s economic calendar, including any further data from China and other major economies. The balance between global growth expectations, supply responses and energy transition trends will remain central to mining sector performance.

Overall, Rio Tinto maintains a position of strength in the global mining industry. Its diversified asset base, operational excellence and strategic focus on critical minerals position it favorably to navigate current challenges while capitalizing on longer-term opportunities in the evolving resource landscape.