US and Iran exchange attacks, raising Middle East tensions

The United States launched strikes against Iran following a fresh assault on merchant vessels in the Strait of Hormuz. Iran retaliated with attacks on countries on the opposite side of the Persian Gulf, deepening the conflict and sending oil prices higher while adding pressure to already volatile US equity markets.

In Sweden, e‑commerce retailer Ellos saw its 300‑million‑krona share issue oversubscribed ahead of its Stockholm Stock Exchange debut. At the same time, real‑estate spin‑off Neobo reported second‑quarter rental revenue of 236 million kronor, and fiber‑infrastructure company Waystream posted increased net turnover despite a decline in profit.