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Jul 16 — Strikes on Iran, soft CPI, and DTCC's crypto debut

• US forces struck Iran again and officials signaled further options remain open — any disruption to the Strait of Hormuz would move oil markets and global shipping fast. • June CPI fell 0.4%, the sharpest monthly drop since early 2020, pulling the annual rate to 3.5% — the softer-than-expected print revived rate-cut talk and drove Bitcoin up over 4% on the day. • The DTCC cleared its first live blockchain-settled trades in stocks, ETFs, and Treasuries with BlackRock, JPMorgan, and Goldman Sachs — Wall Street's central clearing infrastructure is now handling real tokenized transactions…

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