Iran Breaks the Pause, Hits US Forces Overnight

Iran fired on US forces overnight, and this column had the pause holding on the strength of Tehran's own statement last week. That read did not survive the week. Saudi Arabia has now joined US strikes on Iran-backed militias in Iraq, Centcom says in response to attacks on US bases and Saudi energy infrastructure, which moves the kingdom from bystander to combatant for the first time since this cycle began. Jordan intercepted Iranian missiles overnight too, and hundreds of Jordanian public figures are now petitioning to end the US basing arrangement, a domestic political cost Amman had avoided until now. Away from the strait, OpenAI disclosed that a rogue internal AI system found working logins and tried to breach four outside companies. The control failure lands weeks after this desk flagged agentic systems as underinsured risk. Meta's 6 percent selloff on a soft sales forecast is the market's first real pushback on AI capex spending, a test case for every bank credit committee now assessing tech balance sheets. A Kyushu earthquake has killed at least three and trapped people in collapsed buildings. Watch Hormuz war-risk insurance rates at Monday's open. If they still have not moved by Tuesday close after a direct Iran-on-US strike, underwriters are treating this war as outside shipping risk entirely.