June 11th Overnight News Summary

1. The US Central Command announced that the US military has begun so-called "defensive strikes" against multiple targets within Iran. 2. Sources say that Israel is not currently participating in the US strikes against Iran. 3. Iran has closed the Strait of Hormuz to all ships. 4. US President Trump held a meeting in the White House Situation Room on June 10 to discuss potential new strikes against Iran. Trump had previously threatened to launch a "fierce strike" against Iran. 5. Some major US banks are facing a federal investigation for allegedly illegally terminating services. 6. The US refunded nearly $22 billion in tariffs in May, basically offsetting the tariff revenue for that month. 7. CEO of Anthropic: The government has the right to halt the use of risky artificial intelligence. 8. Microsoft's Xbox division is planning a large-scale layoff. 9. SpaceX has received investment-grade ratings from three major bond rating agencies.