At least five soldiers are reported in serious condition following Iran attack that damaged refuelling aircraft.
Oil executives warn: if Hormuz remains shut past mid-April, supply disruptions become significantly worse and potentially irreversible short-term.

Strait of Hormuz disruption creates sustained supply shock. WTI above $120 with potential to reach $150+ if Hormuz remai...
Trump's $1.5T defense budget request (50% increase, Korean War levels) benefits all major contractors. LHX, LMT, RTX, NO...
Gold's traditional safe-haven role is being questioned — down ~13% to $4,550 since war started. USD strengthening is off...
Risk-on rally; defense stocks pullback; energy sector decline
Sustained inflation; Fed on hold; energy/defense outperform
Recession risk; stagflation; extreme energy/defense gains
Black swan; systemic risk; cash and commodities only

Goldman Sachs projects Iran war oil prices could push US CPI 0.5–1.2% higher over 6 months. Fed faces impossible choice between fighting inflation and supporting growth. Rate cuts now off the table for 2026.