Citigroup raised its price target for CrowdStrike (CRWD.O) from $250 to $260.

The governor of the Bank of Korea said that interest rates are expected to rise gradually.

1. Trump is paying a political price—the war with Iran is becoming increasingly unpopular, with Trump's approval rating dropping from 40% to 33%, and only 31% of Americans supporting the conflict. High oil and inflation are also putting pressure on the Republican Party in the November midterm elections, with internal divisions widening between those demanding an immediate end to the war and those advocating continued pressure on Iran. 2. The global economy has suffered a limited impact: Disruptions to shipping through the Strait of Hormuz, which supplies about one-fifth of the world's energy, have driven up oil prices and fueled recession fears. The IMF has twice lowered its global growth forecast, predicting global economic growth of 3.0% this year, but strong consumption, investment, and the AI boom have helped the global economy weather the shock. 3. Iran has been severely damaged but still has the capability to retaliate: The US military claims to have destroyed 161 Iranian naval vessels and disabled 82% of Iran's air defense system, but Iran still possesses drones and missiles and is capable of attacking ships and US military installations. The Iranian economy has also been damaged, with food inflation reaching 128% in July. 4. Deteriorating Security Situation in the Middle East: Iran launched missile and drone attacks against US allies in the Gulf and disrupted shipping; related blockades in the Red Sea have also driven up insurance and transportation costs, disrupted supply chains, and increased uncertainty throughout the Gulf region. 5. Iran's Nuclear Capabilities Remain Unclear: US-Israeli attacks severely damaged three known Iranian nuclear facilities and resulted in the deaths of several nuclear scientists. US intelligence assessments suggest that Iran's production time to produce enough fissile material has increased from six months to approximately one year. However, the International Atomic Energy Agency cannot confirm the current location of approximately 440 kilograms of uranium with a purity of 60%. 6. Weakened US Military Readiness: The US military has lost 42 military aircraft in the war, and some of its precision-guided missile stockpiles are nearing depletion. As of July, the US had used approximately 65% of its Patriot interceptor missiles, and its THAAD interceptor stockpile had decreased by at least 38%.