Middle East Concern Reignites
EMERGING ASIA
U.S. is responding to Iran's intervention in the Strait by hours of bombing, mainly targeting military facility, in hopes of lowering Iran's capability of future intervention. The escalation is triggered by Iran's attack on Strait logistic overnight and is seeing the IRGC closing the Strait now. Equities and precious metals are all lower while oil higher. It looks like the ceasefire will be torn.