Container Ship Sinks in Strait of Hormuz as Attacks Escalate
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A container ship sinks in the Strait of Hormuz as attacks on commercial shipping escalate. Houthi attacks also put mounting pressure on Saudi Arabia’s crown prince, keeping the security of the region’s energy and trade routes in focus. South Korea’s Kospi plunges 8%, triggering a 20-minute trading halt as a chip-stock selloff deepens equity losses. US Treasuries rise, while hotter US inflation fuels expectations of further Federal Reserve tightening. Consumer prices record their biggest increase since April. The energy backdrop remains strained: OECD oil stockpiles fall to their lowest level since 1989. Meanwhile, Middle Eastern refineries increase operations as crude flows recover, despite continuing attacks on shipping. In an exclusive Bloomberg interview, Nvidia’s chief executive says developers of unsafe AI systems could be cut off, while calling for faster technological progress and highlighting sharply falling AI costs. Separately, Anthropic’s quarterly revenue reaches $16.8 bill
Tags: Abeer Abu Omar, Africa, Anthony Stephens, Anthropic PBC, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, China, Donald Trump, Economy, Energy, Inflation, Iran, Israel, Jennifer Zabasajja, Karen Young, Lebanon, Middle East, Mideast
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