NEW: 🛢️ U.S. crude oil rises to $99 per barrel as market braces for prolonged Iran war

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NEW: 🇺🇸 US PPI rises to 5.4%, above expectations

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NEW: 🛢️ U.S. crude futures hit $100/bbl for the first time since May 21 as Middle East conflict intensifies.

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NEW: 🇺🇸 US 30-year Treasury yield rises to 5.34%, highest since June 2007.

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NEW: 🇬🇧 Traders fully price four Bank of England rate hikes for the first time since March.

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NEW: 🇺🇸 Kalshi puts 64% chance on 25bp Fed hike in September after ECB move

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NEW: 🇺🇸 U.S. urges NATO allies to help 'systematically dismantle' the International Criminal Court in closed-door Brussels meeting — POLITICO reports.

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NEW: 🇾🇪 Houthi forces capture strategic Red Sea city of Dhubab, tightening control of Bab el-Mandab shipping lane.

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NEW: 🇺🇸 US 10-year Treasury yield rises above 4.90%, highest since November 2023.

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NEW: 💰 MoneyGram launches stablecoin-backed card for everyday spending — CoinDesk

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NEW: 🛢️ Diesel futures top $5 per gallon for the first time since 2022

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NEW: 🍎 Apple unveils first foldable iPhone and iPhone 18 Pro in Ternus' first launch as CEO, marking biggest iPhone release cadence change in 7 years

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NEW: 🇮🇷 Reports of a new security incident in the Strait of Hormuz — IRIB reports.

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NEW: 🇪🇺 ECB officials signal further tightening, with an October rate hike now in play.

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NEW: 🇺🇸 Trump denies reports of US war planes damaged in Jordan, says 'no damage, no nothing'

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NEW: 🇦🇪 UAE plans to invest €40 billion in Germany — government statement.

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NEW: 🇩🇿 Algeria severs diplomatic relations with the United Arab Emirates.

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NEW: 🇨🇳 China halts new battery projects pending capacity review — Caixin reports

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NEW: 🇺🇸 US Navy enforces blockade against Iran, redirecting 96 commercial vessels — CENTCOM reports

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NEW: 🇷🇺 Senate passes bipartisan bill to block Russian LNG tankers from Yamal exports to Europe

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NEW: 🇮🇷 Iran has resumed ballistic missile production — WSJ cites US and Middle East officials

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