WS #8872
The Iran-US conflict continues to escalate with new developments in the last 30 minutes. US forces conducted a Hellfire missile strike to disable a tanker attempting to breach the Strait of Hormuz blockade, and Kuwait formally accused Iran of attacks, demanding cessation. Iran warned the US military of a 'heavy price' if it disrupts security in the Strait of Hormuz. The US military conducted additional 'self-defense strikes' after shooting down Iranian missiles and drones. Japan's cabinet approved a $19.4 billion extra budget to cushion households from inflation tied to Middle East turbulence. Separately, Reuters reported that SpaceX plans to sell 555.6 million shares in an IPO that could raise $75 billion, targeting a price of $135 per share. This is a high-significance development for space and tech sectors. Bitcoin fell to a two-month low, and the UK House of Lords committee called on the Bank of England to reconsider proposed stablecoin restrictions. The dominant narrative remains the Iran-US conflict, which is ESCALATING.
Key developments
- US forces disable tanker in Strait of Hormuz with Hellfire missile
- Kuwait accuses Iran of attacks, demands cessation
- Iran warns US of 'heavy price' if Strait of Hormuz security disrupted
- SpaceX plans IPO: 555.6M shares at $135, raising up to $75B
- Bitcoin falls to two-month low
- Japan approves $19.4B extra budget for inflation relief