98CONFLICT
⚡ Markets: Direct military conflict in the world's most critical energy chokepoint creates significant supply risk. Bullish for oil, defense stocks, and the US dollar as a safe haven. Bearish for global equities, bonds (via inflation), and industries with high energy costs.BrentWTIXLEUSD
The US military reports sinking five Iranian oil tankers in response to attacks on a US warship. Iran's IRGC retaliated by striking multiple vessels in the Strait of Hormuz, a US base in Jordan, and reportedly capturing a US underwater drone. The escalation sent Brent crude above $100 for the first time since July, stoking global inflation fears.
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