Geopolitical tensions surge as Iran escalates Middle East conflict. Iranian missile strikes on Israel and attacks on Iraqi oil tankers have ignited energy market concerns, with analysts warning crude could spike toward $200 per barrel if the Strait of Hormuz faces sustained disruption. Meanwhile, the tech sector is undergoing massive restructuring. Atlassian is cutting 10% of its workforce citing AI adaptation needs, while Oracle has allocated $2.1 billion for potential layoffs. The U.S. is also intensifying trade pressure through a Section 301 probe into South Korea and 15 other nations over digital trade practices. Bank of Japan Governor Ueda flagged forex volatility as a primary inflation driver, signaling potential monetary policy adjustments ahead.
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