WS #12406
The US-Iran conflict continues to escalate, with fresh Iranian missile and drone attacks targeting Kuwait, Jordan, and Bahrain, including strikes on oil and water infrastructure. Iran also launched ballistic missiles toward Aqaba, Jordan, and claimed to have shot down US drones. The US has reportedly struck Abadan, Iran, and the Darkhovin nuclear power plant. The conflict is driving oil prices higher and pressuring equity markets, with a massive chip stock selloff rattling global markets. The Russia-Ukraine war saw Russia's largest ballistic missile barrage on Kyiv overnight, with over 40 missiles fired, while Ukraine struck cargo ships in the Black Sea and southern Russia. On the corporate side, Apple raised iPhone prices in Japan by up to 11% due to the weak yen, and Netflix released disappointing Q3 guidance, with shares falling. The overall narrative is one of escalating geopolitical tensions and mixed corporate earnings, with tech stocks facing headwinds from AI spending shifts and margin concerns.
Topics
Key developments
- Iran launches fresh missile and drone attacks on Kuwait, Jordan, and Bahrain, targeting oil and water infrastructure
- Russia launches largest ballistic missile barrage on Kyiv overnight, Ukraine strikes cargo ships and oil sites in southern Russia
- Apple raises iPhone prices in Japan by up to 11% due to weak yen
- Netflix forecasts Q3 revenue and earnings below expectations, shares fall over 8%
- Massive chip stock selloff rattles global markets, Nikkei plunges over 5%