Anonymous sources cite JPMorgan work and ~$250 million EBITDA at an illustrative 20 times; no deal guaranteed.

Reuters midday wire near $4,417 to $4,418 is a last, not a settle; refresh COMEX and spot at publish.

Rezaei frames sanctions-list intent from the U.S. blockade line; framed as intent, not a gazetted charted zone.

Bradshaw at APPEC frames war-risk and transit costs as exec observations, not an official insurance index.

Secondary peak reports conflict around $14,728 to $14,779; official Sep. 8 settle not locked, so high is not last.

USD/JPY last near 153.6 after Tuesday's ~152.89 extreme; BoJ hike bets are backdrop only, not a path rewrite.

ASX-listed Austal rose 7.1 percent on the syndicate IOI; four-week diligence ahead, no definitive deal.

Up to $200 million contingent on top of the upfront cash; close targeted by year-end 2026 subject to HSR.

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