China AI models winning over U.S companies / Crude back up on Iran, soft U.S CPI but Warsh hawkish, UST 10's 4.57%

Iran update : escalating US-Iran hostilities restricted shipping through the Strait of Hormuz, with Brent climbs to $90 a barrel as the US launched a ninth straight day of strikes and Iran retaliated across the region.
Markets : crude back up, 10's UST yields 4.57% (softer US inflation was offset by rising fuel prices & hawkish tone from Warsh, Kimi K3 Demand Pushes Moonshot AI to Halt New Subscriptions as GPUs Feel Strain (Cheap Chinese models kill NVIDIA), SpaceX slowly heading back to earth (now down 10pct from IPO levels...), big U.S techs underperforming as you would expect, and well done Spain, argentina lost, order was restored, realistically the best team of the tournament won
Russia has carried out a wave of ballistic missile and drone strikes on Ukraine, killing at least eight people and injuring dozens. Ukrainian drone attacks destroyed two warehouses in Russia and an oil depot, in the deadliest strikes inside Russia in over two years. NATO’s military committee chief said the alliance is prepared for any Russian move including “touching Poland or the Baltic states.”
Andy Burnham to become PM as Keir Starmer prepares to leave No 10
Chinese helium ban threatens supplies to Europe, Beijing’s export controls cut off a route for Russian flows, adding to pressures after disruption to Qatari production