S&P 500 6,581 ↑ · EUR/USD 1.15 ↑ · Brent $107 ↓ · 10Y UST 4.40% ↑ · Gold $4,474 ↑ · VIX 26.15 ↓
Washington sends a 15-point peace plan to Tehran via Islamabad, but Iran says it is ‘negotiating with itself’ – and the second-order damage from Hormuz now reaches Philippine fuel rations, Chinese pig farms, and spring planting across three continents.