U.S. military destroyed five Iranian oil tankers in retaliation for attempted Iranian strikes on a Navy warship, striking four tankers used by the Islamic Revolutionary Guards Corps in the Gulf of Oman and another near Kharg Island.
Iran's Revolutionary Guards fired ballistic missiles at a U.S. military base near Al Azraq in Jordan in retaliation, with Jordan's air defenses intercepting 18 of the 20 missiles and no casualties reported.
The United Kingdom, Canada, France, Denmark, Finland, Ireland, Norway, Poland, Portugal, Spain, and Sweden announced sanctions on Israeli settlements in the occupied West Bank.
World
UK, France, Canada and nine other countries are banning trade with Israeli settlements in the occupied West Bank, marking a major diplomatic shift over the international status of these settlements.
Iran attacked 10 ships near the Strait of Hormuz after the US sank five Iranian oil tankers, escalating the seventh month of US-Iran hostilities.
UK Prime Minister Andy Burnham said sanctions on imports from Israeli settlements demonstrate Britain's leadership on the world stage in supporting a two-state solution.
Business
LIV Golf filed for bankruptcy protection, a dramatic fall for the Saudi-backed league that had big ambitions to challenge the PGA Tour, with Saudi Arabia's Public Investment Fund providing $49.6 million in financing.
Jaguar Land Rover said it will cut 4,000 jobs around 10% of its global workforce as it responds to intense competition from cheaper Chinese rivals, a cyberattack and U.S. tariffs.
The Treasury Department said it will triple its buyback operation of longer-dated government debt to $6 billion, causing the 10-year Treasury note yield to rise to 4.857%, reaching its highest level since November 2023.
Technology
OpenAI's AI solved a Millennium Prize math problem in 88 hours, triggering a credit dispute with the researchers involved.
Google secured nuclear power for massive AI data centers in Finland while Qualcomm and Amazon partnered on custom AI chips.
Meta is developing an AI agent designed to operate within your email, calendar, and checkout processes.
Science
Semaglutide, the drug in Ozempic and Wegovy, was linked to nearly 40% fewer asthma attacks and about 20% fewer COPD flare-ups in a large study.
An experimental compound called AP503 significantly strengthened bones in mice by activating a receptor that boosts bone formation while slowing bone loss.
Analysis of more than 1,700 supernovae is questioning whether the universe really accelerates, while astronomers detected an ancient hydrogen signal from billions of light-years away using South Africa's MeerKAT telescope.
Economy
August inflation data covering the twelve months ending in August releases tomorrow at 8:30am ET, with the Nowflation forecast calling for 3.36% annual CPI.
Employers added 162,000 jobs in August, and three Federal Reserve dissents in July raised pressure for a quarter-point rate hike at this month's September meeting.
J.P. Morgan Wealth Management strategists expect the Fed to raise interest rates by 0.25 percentage points at its September meeting, driven by elevated energy costs from ongoing Iran conflict supply shocks and investor doubt about the Fed's inflation credibility.
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