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- Oil +7% to $74, global stocks retreat as Israel hits Iran
Oil +7% to $74, global stocks retreat as Israel hits Iran
Bay Area Times
June 13, 2025
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Top stories today:
- Oil +7% to $74, global stocks retreat as Israel hits Iran
- Apple’s delayed Siri AI upgrade said to be targeted for spring 2026
- Elon’s xAI draws $250M investment interest from TPG, Sequoia
- Meta finalizes $14.3B Scale AI investment, hires its CEO
- Chime +37% in Nasdaq debut after pricing IPO above range
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Oil +7% to $74, global stocks retreat as Israel hits Iran
The biggest intraday jump in Brent oil since Mar. 2022:
-1% in the S&P 500 and European equities.
+1% in gold prices.
Trump admin. has sought to distance the U.S. from Israeli strikes.
No sign of a breach at Iran’s Natanz nuclear site after Israeli strikes, the UN watchdog IAEA said.
Iran’s top generals, including Bagheri and Salami, were killed in the attacks.
Iran has retaliated with 100+ drones.
Israel targeted Iranian nuclear sites and top military personnel
Israel’s strikes have raised shipping fears over chokepoints
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3. Apple’s delayed Siri AI upgrade said to be targeted for spring 2026
iOS 26.4 could bring the revamped Siri experience.
Mar.: Apple’s “.4” updates, internally known as “E”, are typically released.
The timeline could still shift depending on whether new snags emerge.
The Siri upgrade, unveiled at WWDC last year, has since been delayed.
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5. Elon’s xAI draws $250M investment interest from TPG, Sequoia, ARK Invest via tender offer
