7T | Iraq's forced choice; the stagflation print; Tehran's two-strait toll

The news, distilled

S&P 500 ▲ 7,437.63 · Brent ▼ $89.03 · Gold ▲ $4,100.10 · VIX ▼ 17.1 · UST 10Y ▲ 4.66%

CENTCOM struck dozens of IRGC targets across Iran on Wednesday in two waves – command centres, missile facilities, and coastal surveillance sites. The strikes answered Tuesday’s barrage on US forces in Jordan. Brent surged 7.9 per cent to close at $90.74. The widening w…