Top Overnight News US, Iran Trade Airstrikes as Fears Grow of a Return to War: BBG The Iran War threatened a food crisis. The next Gulf conflict could do the same: RTRS The Red Flag That Led to Graham Platner’s Implosion Was Hiding in Plain Sight: WSJ Meta to put AI chip into production in September as it looks to double computing capacity, memo shows: RTRS An Impending IPO Boom Has Sparked FOMO Among San Francisco Home Buyers: WSJ China consumer price growth weakens in June while producer inflation rises to near 4-year high, squeezing manufacturers: RTRS U.S. Targets One of Cuba’s Last Lifelines: Its Army of Overseas Doctors: WSJ Ukraine’s Six-Part Strategy to Survive the Global Run on Patriot Missiles. Kyiv is trying to mitigate the shortage of missile interceptors that has left its cities exposed to Russia’s ballistic missiles: WSJ The US Senate committee will reportedly vote next week on a bill to toughen the US government ban on Chinese automakers from entering the US market. Counterfeit Air-Bag Parts Are Killing U.S. Drivers—and the Government Can’t Stop It: WSJ Trump said he is a bigger fan of SAVE America than the housing bill; Trump said he will be asking for a rehearing by the Supreme Court on birthright citizenship: Truth Social Iran War US CENTCOM announced the completion of its most recent round of strikes against Iran, in which forces struck around 90 Iranian military targets. There were reports of fresh explosions in Bandar Abbas, Sirik and Hormozgan. There have also been reports of explosions in Abu Musa Island and Bushehr. Nour news reported that the attack on Bushehr did not cause any damage to the nuclear power plant. The IRGC later announced that two US bases in Kuwait and two base in Bahrain were attacked and threatened that response will be extended to other US bases in the region if the US repeats its attacks. Trump said Iran was just hit very hard and we have many ways to win. He added that he do not know if Iran will honor a deal but Iran wants to make a deal badly.(zerohedge)