🔴 The conflict in the Middle East has violently resumed, just as the market thought it had finally turned the page.


Donald Trump declared the ceasefire void and launched new strikes on Iranian military sites. In response, Iran targeted several US bases in the Gulf and announced the closure of the Strait of Hormuz.
Markets are reacting accordingly.
▫️ South Korea’s KOSPI fell by around 9% and triggered its 7th circuit breaker of the year.
▫️ $BTC is down 2.4% since Friday evening.
▫️ The S&P 500 and Nasdaq 100 are down 0.3% and 1%, respectively, in pre-market trading.
The key question for markets now is whether this is another temporary shock or the return of a conflict that could drag on again.
In our new Premium Alpha, we detail our view on this event and its impact on financial markets.
BTC-2.31%
US500-0.47%
NAS100-1.41%
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