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Top Overnight News Treasury Secretary Scott Bessent’s threat to unleash an economic assault against Iran risks setting the US on a collision course with China, its main trading partner: BBG Iran vows to resist widened US sanctions, says Washington seeks talks: RTRS U.S. Squeezes Iran but Avoids Targeting Its Biggest Lifeline: China: WSJ Stanley Druckenmiller, the billionaire investor who mentored US Treasury Secretary Scott Bessent in his early career as a hedge fund trader, suggested his former pupil is making a mistake by wading into the bond market: WSJ Oil extended Monday’s drop as a US plan to ramp up economic pressure on Iran so far spared the country’s trading partners from harsher measures for now: BBG The debasement narrative is back, and has propelled Bitcoin to a three-month high. The crypto rally isn’t just about a weaker dollar and fiscal concerns, however, and the key level that could prove that is $83,000: BBG Trump's approval holds at record low as US support for Iran war falls: RTRS The AI-debt deluge is getting so extreme in most major global credit markets that a global borrower is turning to far-flung New Zealand to try to escape it, in its first overseas issuance there in almost a decade: BBG New installations emerge on islet as China accelerates South China Sea build-up: RTRS Global stocks rose as chipmakers rebounded, while Bitcoin briefly topped $80,000 and oil extended declines. Oura and Dunkin’ Get Ready to Join IPO Bonanza: WSJ Lutnick’s Intervention in Canada Talks Draws Praise, Blame: BBG Trump administration moves to impose more than $100,000 fee for H-1B worker visas: RTRS Goldman Sachs revises its timeline for the next Bank of Japan interest-rate hike to September from January 2027, according to a note by economists including Tomohiro Ota and Yuriko Tanaka.