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President Trump said in a Truth Social post that he directed U.S. Central Command to execute a bombing raid that "obliterated" military targets on Kharg Island.

With xAI now in the hands of SpaceX, Elon Musk says he's rebuilding the artificial intelligence company following high-level departures.

Trump says he thinks Putin is helping Iran

It comes at a time when the Caribbean island is grappling with a worsening economic crisis.

Analysts say any attempt to attack or seize Iran's strategic oil hub is likely to be fraught with risk.

The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.

The Strait of Hormuz, the world's most critical chokepoint for oil shipments, has been effectively closed since the U.S. and Israel began the war on Iran.

Iran has launched a volley of drone and missiles in the Middle East, including against the UAE, following U.S.-Israeli strikes on the country.

Uncertainty hits global chip supply chains and Middle East-based AI projects.

His comments to CNBC come as the U.S. and Israeli-led war appears poised to enter its third week.