Al Jazeera reported Bahrain's military said Iran has launched missile and drone attacks targeting civilians and that Bahrain's air defences intercepted the strikes. The military said its forces are at highest readiness and described Iran's actions as "systemic aggression" that violate international humanitarian law. US forces carried out overnight strikes on multiple Iranian cities earlier. Kuwait, Bahrain, Jordan, Qatar and Oman said Iran's Islamic Revolutionary Guard Corps attacked their terri

SK Hynix CEO Kwak Noh-jung said late Friday US time (July 10) he expects 2027 to be the tightest year in memory supply and that HBM prices could double by 2027. He said customers are seeking long-term supply contracts as demand rises while SK Hynix faces capacity limits; despite expansion plans, customer demand may still exceed the company’s supply even after 2030. A domestic investor familiar with Korean memory firms said overseas memory executives are watching Chinese capacity expansion closely, and ChangXin Memory (CXMT) and Yangtze Memory Technologies (YMTC) could be the biggest long-term variable for the market.

Local early hours of July 12: explosions reported on Qeshm Island, Bandar Abbas and Sirik in Hormozgan province, and in Bushehr city and Asaluyeh in Bushehr province. US Central Command confirmed the strikes, saying they were the third round of US attacks on Iran this week.