Highlights:

• Global Inflation Expected to Pick Up From Iran War, Survey Shows — Economists surveyed by Bloomberg News project worldwide inflation will rise due to the Iran conflict, while growth prospects remain largely stable for now. Bloomberg Economics

• Trump Vows 'Whatever It Takes' on Iran as Conflict Widens — The US sent mixed signals on war duration as Israel launched new airstrikes; Defense Secretary rejected "endless" war language while Trump declined to set a timeline or rule out ground troops. Bloomberg Politics

• NZ's Luxon Says He Misspoke in Supporting 'Any Actions' on Iran — New Zealand's Prime Minister Christopher Luxon walked back his earlier statement of support for "any actions" to prevent Iran from obtaining nuclear weapons. Bloomberg Politics

• Aluminum Holds Gain as Iran Conflict Roils Global Supplies — Aluminum prices edged higher as Trump suggested the military campaign could last weeks, raising risks of deeper disruptions to Middle East metal exports. Bloomberg Politics

• Senate's Wyden Pledges Battle Over Pentagon Ban on Anthropic — Congressional Democrats vow to contest the Trump administration's ban on Anthropic use across the federal government and by Pentagon contractors. Bloomberg Politics

• Japan's Katayama Warns on FX as Middle East Weighs on Yen — Japan's Finance Minister said the country is monitoring markets closely and will take necessary action in response to sharp movements following US and Israeli strikes on Iran. Bloomberg Economics

• Market Selloff Deepens After US Embassy Targeted in Drone Attack — See source link. Bloomberg Politics

• OpenAI's Sam Altman Says Pentagon Deal Looked 'Sloppy' — OpenAI's CEO characterized the company's rush to secure a Defense Department deal following the Pentagon's clash with Anthropic as "opportunistic and sloppy." Bloomberg Politics

• US Embassy in Riyadh Attacked as Iran Steps Up Saudi Strikes — The US embassy in Riyadh came under drone attack as Iran escalated strikes on Saudi Arabia in retaliation for US and Israeli military action. Bloomberg Politics

• War Powers Debate Escalates After US Strike on Iran — Congressional Democrats criticized shifting justifications for the strikes, while analysts warn Tehran's strongest leverage may involve disrupting energy flows through the Strait of Hormuz. Bloomberg Politics