Iran increased its output of enriched uranium, which world powers are concerned may eventually be used for a nuclear weapon, according to International Atomic Energy Agency inspectors. Israel hasn’t ruled out a military strike against Iran.
EQUITY MOVERS: * Globe Exploration LP (GLEX IT), a gas exploration company, will halt exploration drilling at the Ofek-1 site. * Osem Investments Ltd. (OSEM IT), a food producer, reported first-quarter net income of 93.5 million shekels ($24 million) from 93.1 million shekels in the year-earlier period. * Strauss Group Ltd. (STRS IT), a food producer, is scheduled to report its first-quarter earnings today. MARKETS: * The TA-25 Index increased 0.6 percent to 1,050.92 on May 24. * The yield on the Mimshal Shiklit government bond due January 2022 was at 4.45 percent. * The shekel strengthened 0.3 percent to 3.8443 a dollar at 8:30 a.m. in Tel Aviv. * Crude oil for July delivery rose 0.9 percent to $91.64 a barrel. * Gold for immediate delivery climbed 0.4 percent to $1,578.53 an ounce. * Corn for July delivery was unchanged at $5.7850 a bushel on May 25.
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