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Jul 20 — US-Iran strikes, soft CPI, Uber's food delivery bet

• US forces launched fresh airstrikes against Iran after Iranian attacks killed American troops in Jordan — an escalating exchange that pushed oil up nearly 3% to ~$84 and raised inflation and growth concerns. • June CPI fell 0.4% month-on-month against a forecast of -0.1%, bringing the annual rate to 3.5% — a large downside surprise that revived Fed rate-cut bets, weighed on the dollar, and briefly pushed Bitcoin to $64K. • Uber closed its $14.5B acquisition of Delivery Hero, reshaping global food delivery — part of a broader M&A surge where Q2 deal value hit ~$1.3T, though 42% came from…

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