Patera Daily Report, 22 March 2026
Iran-Israel conflict and Strait of Hormuz tensions escalate
Iranian ballistic missiles struck Tel Aviv and other Israeli cities as regional conflict intensifies. Meanwhile the deadline for a US ultimatum regarding the Strait of Hormuz approaches and causes oil prices to surge.
Iranian missile strikes hit Israel
Ballistic missiles hit Tel Aviv and Kiryat Gat and Ashkelon. Videos show strikes near civilian areas as rhetoric from both sides escalates.
Elon Musk launches TERAFAB chip factory
Tesla and SpaceX and xAI will build a 25 billion dollar facility in Austin. The project targets 2-nanometer chips and one terawatt of annual AI compute.
US tensions over Strait of Hormuz
Trump issued a 48-hour ultimatum to Iran regarding the Strait of Hormuz. Military preparations and reports of explosions in Bahrain raise fears of a broader conflict.