The US military has confirmed the restoration of the naval blockade against Iran, and Trump has once again changed his tune!

· The US unadjusted CPI rose 3.5% year-on-year in June, while the seasonally adjusted CPI fell 0.4% month-on-month, the first decline in six years. This news is bearish for the US dollar. · The US and Iran continue their attacks, and the US military confirmed that it had reinstated its naval blockade against Iran at 4:00 AM. This news is bullish for crude oil. · Reports indicate that SK Hynix is accelerating mass production of HBM4 for Nvidia. This news is bullish for SK Hynix.