Markets and global security faced intense pressure this hour as Treasury Secretary Scott Bessent announced a sweeping financial offensive to sever economic ties with Iran, coinciding with a U.S. military kinetic strike against a narco-trafficking vessel in the Eastern Pacific. Energy supply disruptions and soaring refined-product prices continued to rattle sectors, prompting Raymond James to slash airline earnings forecasts and warn of potential Chapter 11 bankruptcy risks for JetBlue amid a 39% quarter-to-date surge in US Gulf Coast jet fuel prices, while Russian Deputy Prime Minister Alexander Novak reported that select oil refineries are resuming operations following months of shortages driven by Ukrainian drone attacks. Against this volatile backdrop, cryptocurrency markets accelerated, with Bitcoin pushing toward $80,000 after U.S. exchange-traded funds pulled in $1.9 billion in inflows following the Treasury's bond buyback expansion and White House crypto policy engagements. On the domestic and policy fronts, the Trump administration proposed a fee exceeding $100,000 for H-1B skilled worker visas, Senate Agriculture Committee members debated eligibility rules and audits for farm subsidies, and the UK's Advanced Research and Invention Agency unveiled seven consolidated research opportunity spaces focusing on frontier technologies under CEO Kathleen Fisher.