At least 15 US Troops Wounded by Iranian Attack on Base in Saudi Arabia

Iran Arrests Dozens In Starlink Black Market Network Bloomberg cites Iran's ISNA news agency, which says local authorities have arrested dozens of people for selling SpaceX Starlink terminals across 19 provinces.  These satellite internet terminals have become popular among opposition and activist networks operating in the country amid an ongoing nationwide internet blackout during the U.S.-Iran conflict. Sardar Ahmad-Reza Radan, commander-in-chief of the Iranian police, was quoted by the outlet as saying, "From the beginning of the Ramadan War, 48 key members of networks, cells, anti-revolutionary groups, and espionage rings were arrested, and 139...

Iranian media reported on Thursday that Tehran has approved the transit of a “number” of Chinese vessels through the Strait of Hormuz, as President Trump is in Beijing for talks with Chinese President Xi Jinping. “Following requests by the Chinese foreign minister and the country’s ambassador to Iran, facilitation of the passage of Chinese ships […]

Futures Tumble On AI Spending Fears As Brent Hits 2 Week High US equity futures are lower, dragged by tech, following a report that OpenAI missed revenue and user targets and there growing internal pushback against Sam Altman's notorious aggressive spending (the company has $1.5 trillion in commitment it won't be able to meet), which is hitting semiconductors and the broader supply chain. AS of 8:15am ET, S&P futures are down 0.7% and Nasdaq futures dropped 1.2% as concerns resurfaced over whether the vast amounts of investment in artificial intelligence will...