WorldUS-Iran War Expands to the Red Sea: What It Means for Markets

The Iran-backed Houthis claimed their first attack on commercial ships in several months, opening a new front in the US-Iran war. The conflict has already disrupted global energy supplies and rattled bond markets. Alphabet lifted its forecast for capital spending this year to as much as $205 billion, reviving concerns that the race to lead artificial intelligence may lack fiscal discipline. In Britain, Chancellor of the Exchequer John Healey pledged disciplined control of the country’s public finances.