S&P 500 6,477 ↓ · EUR/USD 1.155 ↓ · Brent $101 ↓ · 10Y UST 4.35% ↑ · Gold $4,441 ↓ · VIX 27.44 ↑
The Iran war's economic damage is outrunning its diplomacy. Physical oil shortfalls, not ceasefire timelines, now set the pace — and second-order effects from inflation to Asian alignment shifts are arriving before the first order is resolved.