Energy prices surge as Iran targets Gulf energy facilities in retaliation after Israel struck its key gas field. European gas prices rose 28% and oil gained 6%, marking the biggest escalation of the nearly three-week war. QatarEnergy's LNG production facilities were hit, with 17% of Qatar's LNG capacity wiped out for 3-5 years. [AP][BBC Live]
European leaders are pushing back against US pressure to join the Iran war, with France and Germany making clear they won't commit forces. The conflict is creating a major transatlantic rift as Europe prioritizes diplomacy over military involvement. [BBC]
The Pentagon is considering deploying additional troops as the Iran conflict enters a potentially new phase. Trump's administration is also pushing Japan for help with the Iran war, with PM Kishida set for a "difficult" White House meeting. [BBC]
Sony Music has removed 135,000 unauthorized AI-generated "deepfake" tracks mimicking their artists' music. The action highlights the growing challenge of AI-generated content and artists' rights in the music industry.
US wholesale prices rose by a surprisingly hot 3.4% last month, the most in a year, adding to inflation concerns amid the ongoing Iran war and tariffs. The spike complicates the Federal Reserve's path forward on interest rates. [Reuters]
As gas prices spike 25%+ following attacks on Gulf energy facilities, Europe faces its deepest energy-linked crisis yet. The continent is scrambling to find alternatives while dealing with the fallout of the Middle East conflict. [Reuters]