Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own shipping lanes in the Strait of Hormuz.

SpaceX, OpenAI and Anthropic could jointly bring close to $3 trillion of equity value

SpaceX's massive $75 billion IPO is set to launch next week, potentially valuing the company at $1.75 trillion. Investors are watching closely amid fears of market overexuberance,…