Iran Ramps Up Ship Attacks in Hormuz as Oil Flows Rise, Ebola Spreads to Kenya
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Oil advances as Iran ramps up attacks on vessels in the Strait of Hormuz, challenging shipments even as crude flows through the key waterway recover. Saudi Arabia’s East-West pipeline is operating normally, while the Iran war continues to drive billions of dollars in energy infrastructure costs. Yemeni forces launch a campaign to recapture territory, while economic pressure could help push the US-Iran conflict toward a deal in 2027. Asian stocks edge lower as oil rises, while US Treasury yields retreat from their highest levels since 2002. Japanese stocks fall as higher oil prices and yields keep investors cautious, while Taiwan overtakes South Korea in global AI trade. JPMorgan CEO Jamie Dimon tells Bloomberg that governments cannot borrow and spend endlessly, while saying data-center challenges will be worked through and AI could dramatically improve people’s lives despite creating new vulnerabilities. The UAE launches Falcon, an AI model designed for the Emirati dialect. UAE Preside
Tags: Abbas Araghchi, Abeer Abu Omar, Africa, Apple Inc., Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, Casey Sprake, China, Donald Trump, Ebola, Economy, Iran, Israel, JPMorgan Chase & Co., Jamie Dimon, Kenya, Middle East, Mideast
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