WS #12313
The US-Iran conflict continues to escalate with new airstrikes reported in the last 30 minutes. CENTCOM launched a seventh consecutive night of strikes against Iran at 3 p.m. ET, with explosions reported in Hormozgan and Khuzestan provinces. Iran's IRGC claims to have destroyed Bahrain's main AI center with ballistic missiles and drones, and attacked a depot of US UAVs in Bahrain. Erbil International Airport in Iraq suspended flights due to Iranian attacks. This escalation is likely to keep oil prices elevated and risk assets under pressure. Separately, Boeing received FAA approval to resume self-certifying 737 MAX and 787 jets starting July 20, a significant positive for the stock. Fireworks AI raised $1.5B in the largest AI funding round this week, signaling continued investor appetite for AI. Robinhood slipped 6% in a second straight session of losses. The US and Mexico will meet for a third USMCA negotiating round on July 21.
Topics
Key developments
- US launches seventh consecutive night of airstrikes on Iran; IRGC retaliates against Bahrain
- FAA allows Boeing to resume self-certifying 737 MAX and 787 jets from July 20
- Fireworks AI raises $1.5B in largest AI funding round this week
- Robinhood shares fall 6% in second straight session of losses
- US and Mexico to hold third USMCA negotiating round on July 21