WS #12374

The US-Iran conflict continues to escalate with multiple corroborated developments: Iran has suspended US deal negotiations and is firing on ships in the Strait of Hormuz, while the US State Department has issued a worldwide caution. Two US service members were killed and one is missing after Iranian attacks on a base in Jordan, and US officials report Iran has developed faster, more maneuverable missiles. Iran threatens to bomb Dubai airport. The US has drafted a nuclear cooperation agreement with Saudi Arabia allowing uranium enrichment. Germany has raised its terrorism threat level to 'high'. Separately, Trump threatens to increase tariffs on Canada over wildfire smoke pollution. In AI, the Kimi K3 model from China's Moonshot AI is causing concern on Wall Street, with Nasdaq down ~1% and semiconductor stocks under pressure. The dominant theme is ESCALATING US-Iran conflict with no de-escalation signals, while AI competition and trade tensions add to market uncertainty.