CENTCOM launched strikes on Iran for a second straight night at 5:15 PM ET. Explosions reported across southern Iran including Bandar Abbas and Kharg Island. Reuters
2.
Iran fired missiles at US bases in Jordan, Kuwait, and Bahrain. IRGC claimed 21 targets. Nearly all were intercepted.AP
3.
CPI hit 4.2%, a three-year high. Core rose to 2.9%. Matched expectations. Markets sold off anyway.BLS
Markets & Economy
4.
Dow dropped 953 points. S&P off 1.62%. Nasdaq down 1.98%. Two straight losing sessions.CNBC
5.
Oracle beat Q4 estimates: $2.11 EPS vs. $1.95 expected. Stock fell 7% after hours. The company plans to raise $40B total.CNBC
6.
Gold fell below $4,050, its lowest level since November. Safe haven stopped working.BBG
Politics
7.
Trump-backed Evette led the SC governor primary and advances to a runoff. Mace finished fifth. In California, Trump-backed Hilton advances to face Becerra in November. Fox
8.
Bill Gates testified behind closed doors before House Oversight on Epstein. He told lawmakers he was not aware of Epstein’s crimes. BBG
Energy & Commodities
9.
WTI climbed back toward $90. EIA reported a seventh straight weekly draw: 7.2 million barrels. EIA
10.
Energy Secretary Wright said vessel traffic through the Strait is rising despite the closure. Iran says it’s closed. Ships say otherwise.Reuters
