PhoTime
Oct 7, 11:47 PM
Iran escalation risk is rising.
The Pentagon has instructed U.S. Central Command to finalize preparations for potentially resuming major combat operations in Iran, according to Axios.
No final strike decision has been made, but the risk is clearly increasing.
Brent crude is back above
$100.
Watching:
$OXY $XOM $CVX $LMT $RTX
More conflict could mean higher oil prices, increased defense spending and another inflation shock for markets.
The Strait of Hormuz remains the key wildcard.
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