The Trump administration’s Iran strategy, dubbed Operation Economic Outcast, is expected to use secondary sanctions to target entities that help Iran maintain foreign economic connections, raising questions about potential pressure on Chinese companies. China is Iran’s biggest buyer of oil, while Chinese President Xi Jinping is due to visit U.S. President Donald Trump next month amid a fragile trade truce. Bitcoin climbed above $80,000 for the first time since May after gaining more than 20% in three days, supported by renewed spot bitcoin ETF inflows and improving risk sentiment. Gold reached a three-month high and has gained more than 15% this month. In corporate news, Porsche signed a $1.5 billion AI deployment deal with Tata Consultancy, while Xpeng fell after issuing a weaker delivery forecast despite raising $900 million for its robotics business at a $6.3 billion valuation. French President Emmanuel Macron and Saudi Arabia’s Crown Prince Mohammed bin Salman agreed to build a $7 billion Dragon Ball Z-themed manga park near Paris, expected to create more than 20,000 jobs. BlackBerry is also repositioning itself around QNX car software, robotics and secure communications, with CEO John Giamatteo discussing the strategy with CNBC’s Arjun Kharpal.