Iran Fires Missiles as Doubts Grow Over U.S. Peace Talks

Iran launched multiple waves of missiles at Israel, significantly escalating regional tensions and casting doubt on U.S.-brokered peace talks. Expect near-term risk-off pressure: higher volatility, upside risk to oil and regional risk premia, and potential relative outperformance of defense-related assets.

Analysis

Iran launched multiple waves of missiles at Israel, significantly escalating regional tensions and casting doubt on U.S.-brokered peace talks. Expect near-term risk-off pressure: higher volatility, upside risk to oil and regional risk premia, and potential relative outperformance of defense-related assets.