Report: Iranian Oil Profits Doubled Since Start of War

US Core Factory Orders Unexpectedly Plunge Most In A Year Despite the latest Manufacturing PMI surging to four year highs, US Factory Orders unexpectedly dropped in June (-0.3% MoM vs +0.2% MoM expected). This is the second monthly decline in the headline print in a row, but orders remain up 7.4% YoY... Source: Bloomberg Worse still, Core Factory Orders (excluding Transports), dropped 0.4% MoM (dramatically missing expectations of a 0.4% MoM rise). This is the first monthly drop since October and biggest MoM decline since April 2025... Source: Bloomberg Orders Ex-Defense also tumbled 0.4%...

China's New AI Agent Risks Trapping Western Tech In Rights Abuses: Analysts Authored by Jarvis Lim via The Epoch Times, China's new state-backed artificial intelligence (AI) platform threatens to stifle domestic tech innovation through forced ideological compliance, and in the West, it could also be used to cover up the regime's human rights abuses, analysts warn. A screen advertising Xinhua News Agency in Times Square in the Manhattan borough of New York City, on March 2, 2020. Andrew Kelly/Reuters Xinhua, the official mouthpiece of the Chinese Communist Party (CCP), will spend more than...

Iran Fires 'Warning Shots' On 'Unauthorized' Vessels Trying To Traverse Hormuz Strait Summary Rtrs citing Iran's Fars: Iran's armed forces carries out a missile launch operation from southern regions of the country toward specified targets. Reports of US ships targeted (unconfirmed); also 'warning shots' fired on 'illicit' vessels. Per Axios: "U.S. and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program, but President Trump has yet to give it his final approval." Unconfirmed reports of Ayatollah denial of MOU. Saudi state media reports...