CBS reports the U.S. and Israel are preparing to strike Iran's energy-related targets as early as this weekend.

Bank of Japan Governor UEDA said AI-related spending itself has pushed up prices.

UN Secretary-General Guterres called for an immediate halt to fighting in the Gulf and full restoration of international navigation rights through the Strait of Hormuz, the Bab al‑Mandeb and adjacent waters, urging disputes be resolved diplomatically. He said military escalation in the Gulf has lasted six months, the initially regional conflict is increasingly a source of global instability, trade via the Strait of Hormuz has fallen sharply, energy markets have been seriously disrupted, food and key fertilizer prices have risen and supply chains are under strain.