Saturday's News Links

[Reuters] Iran defiant on strait as Trump tells Americans to accept high gasoline prices

[Yahoo/Bloomberg] Iran, Oman Hone in on Hormuz Strait Deal as Ship Attacks Mount

[CNBC] Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations

[NBC] Iran rejects ‘delusions’ after Trump says he wants the Strait of Hormuz to be a U.S. territory

[Reuters] Jane Street took $15 billion hit in July tied to Situational Awareness, AI selloff, sources say

[Reuters] Anthropic IPO valuation hinges on $190-200 billion 2028 revenue forecast, sources say

[Axios] A Chinese lab's new model is nearly as good at hacking as U.S. AI

[Reuters] Rhine water sinks to another record low and transport shifts to land

[Bloomberg] What Bessent’s Economic Isolation Of Iran Could Look Like

[NYT] As Inflation Eats Up Pay Gains, Workers Fall Behind

[WSJ] The Iran War Is Now About Who Blinks First Under Economic Pressure

[WSJ] Nvidia Downsizes Plans for $250 Billion Guarantee of OpenAI Data Center

[FT] Jane Street suffers $15bn hit after meltdown at Situational Awareness

[FT] US aircraft carrier furore is emblem of growing disquiet over Iran war

[FT] Traders are spoiling for a fight over the yen