Saturday's News Links

[AP] A new exchange of fire with Iran in the Gulf tests the fragile ceasefire

[Yahoo/Bloomberg] US Intercepts Fresh Iranian Attacks as Peace Talks Stall

[Yahoo/Bloomberg] Why Oil’s Not at $200 After the Biggest Supply Shock in History

[Axios] Revenge of the AI bubble

[Axios] Trump: U.S. stake in AI giants "could be a beautiful thing"

[Reuters] Screwworm border closure fuels beef boom in Mexico, gloom in Texas

[AP] Ukraine targets St. Petersburg again after Putin rejects Zelenskyy’s offer for direct talks

[Bloomberg] Fed’s Barr Warns of Risks Tied to Looser Wall Street Bank Rules

[Bloomberg] Asia-to-US Container Rates Spike 109% Since Iran War Started

[Bloomberg] There Are Millions of Crypto Tokens. Almost None Have Any Value

[Bloomberg] China Escalates Patrols Near Taiwan Over Japan-Philippines Talks

[NYT] Screwworm Flies and Drought Spell Tougher Times for Cattle Ranchers

[WSJ] The Great American Job-Creation Machine Comes Back to Life

[FT] Are US Treasuries becoming a financial chokepoint?

[FT] US and Iran exchange strikes in new threat to shaky ceasefire

[FT] Trump relaunches tariffs war after court struck down levies