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A U.S. campaign to throttle Iran's economy by blockading its oil exports and stopping sanctions evasion is growing increasingly difficult to withstand, three senior Iranian sources said. Washington has in recent weeks ​sought to ratchet up the economic pressure on Tehran, in an effort to extract concessions in any future negotiation that six months of conflict have so far failed to secure: RTRS

Israel says it has cleared Hezbollah fighters from tunnels under key Lebanon ridge: RTRS

Norway’s sovereign wealth fund proposed reducing the amount of government bonds in its portfolio to boost holdings of riskier debt, with Treasuries the most affected. The proposed reduction in government bonds would imply a decrease of about $58 billion of government bonds, with holdings of US Treasuries projected to drop by $75 billion and those of Japanese government bonds possibly increasing by $20 billion. BBG

US military turns off ad trackers on devices amid Middle East targeting reports: RTRS

A rush to unwind yen-funded carry trades helped send the currency to a one-month high against the dollar as traders ramped up bets on further Bank of Japan rate hikes: BBG

Australia’s bonds, caught up in the global fixed-income selloff, have seen their yields rise more than any of their peers in the past month, despite arguments that the country’s finances are in much better shape: BBG

Some of the world’s biggest money managers have rebuilt their gold holdings after prices dropped, betting that long-term drivers of the precious metal will endure.

Fund managers at companies including Amundi SA, Pictet Asset Management Ltd., and Fidelity International Ltd. added to holdings cut earlier this year, during bullion’s retreat from an all-time high: BBG

Pimco fund beating 97% of peers cuts ‘Mag Seven’ to bet on Asia: BBG

Deadly strike on Iranian wedding was likely a direct hit by a US munition, analysis shows: RTRS

Former Labor Secretary Oversaw a ‘Toxic, Intimidating’ Workplace, Report Finds: WSJ

The ‘Deeply Nerdy’ Founders Behind Nvidia’s $13 Billion Bet on Hugging Face: WSJ

OpenAI agents hijacked German website in previously undisclosed AI breakout: RTRS

Volkswagen flags 50,000 job cuts across group as board approves turnaround plan: RTRS

Drugmakers Halt Autoimmune Trials After Deaths, Life-Threatening Side Effects: WSJ

Trump Administration Again Asks Supreme Court to Allow New Mail Voting Rules: WSJ

https://x.com/zerohedge/status/2095849461423456366

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