Market Report.
⚔️ Operation Epic Fury is becoming Operation Epic Fail with the passing of hours.
🗞️ Daily Mail: The revelation that Israel’s planned attack prompted the U.S. preemptive strikes has outraged both Democrats and Republicans, who see it as the U.S. being drawn into a war
🇺🇸 According to Secretary of State Marco Rubio, the U.S. launched preemptive strikes against Iran after learning that Israel was planning to attack Iran, and the U.S. believed American troops in the region faced an imminent threat of retaliation from Iran.
🚨 Rubio stated there was an “imminent threat” that if Iran was attacked by Israel, they would immediately retaliate against U.S. forces. The U.S. decided to act preemptively to prevent higher casualties.
📰 WSJ: Keir Starmer has publicly distanced the UK from US-led military strikes on Iran under President Trump. He emphasized that the UK supports defensive actions but rejects offensive operations lacking proper legal and strategic foundations.
🏛️ Starmer stated to MPs: “This government does not believe in regime change from the skies,” directly critiquing the US approach amid eroding UK-US ties.
🇨🇾 Cyprus also demands British assurances that its bases will be used only for humanitarian purposes.
🇪🇸 Spain’s president, Pedro Sanchez, banned yesterday the US from using its military bases to launch attacks against Iran. American aircraft abandoned bases in Spain.
🇫🇷 Macron orders the increase of nuclear warheads in France’s arsenal, declaring that France will no longer disclose the size of its nuclear stockpile. He also said that France will not hesitate to use its nuclear weapons there where French interests are under attack. It seems that it is no longer the evil Putin who uses this “nuclear threat” rhetoric that these politicians criticized for months.
🌏 On the other hand, it is also interesting to analyze the inaction of the “multipolar” bloc. Russia and China have not defended Iran as they supposedly do in a “multipolar” order.
🇷🇺 The Russian Foreign Ministry has strongly condemned the U.S. and Israeli airstrikes that killed Iranian Supreme Leader Ayatollah Ali Khamenei and members of his family, calling it a “political assassination” that has no place in civilized interstate relations.
⚓ The Russian statement also cautioned that disruptions to maritime traffic in the vital Strait of Hormuz could cause major imbalances in global energy markets. Russia has accused the U.S. and Israel of attacking Iran because it “refused to yield to the dictates of force and hegemonic pressure.”
🎤 At an international event, Iran’s Foreign Minister responded to questions from a journalist. “Iran has done nothing wrong. We have been attacked under false accusations. We had a nuclear agreement, the US withdrew from that agreement and reimposed sanctions and resumed its threats. And again, we returned to negotiations. And we are once again under threat. It is the international community that should respond and guarantee the sovereignty of nations.”
🧨 President Donald Trump said the U.S. will do “whatever it takes” in its campaign against Iran, signaling a willingness to escalate if necessary.
📰 According to the New York Post, Trump did not rule out sending U.S. ground troops to Iran “if necessary,” adding that the operation is progressing “far ahead of schedule.”
⚖️ The U.S. military engagement with Iran risks inadvertently aiding Russia’s interests, by draining American resources and reducing the pressure on Russia related to the war in Ukraine.
📊 Bloomberg: By diverting Tomahawk missiles and critical intelligence assets to the war with Iran, President Trump risks depleting U.S. military stockpiles and driving up global energy prices. This dynamic directly benefits Russia, as it eases pressure on Russia and weakens Ukraine’s position, while strengthening the Kremlin’s war effort.
⏳ The longer the conflict with Iran continues, the more it relieves pressure on Russia, undermining Ukraine’s position and bolstering Russia’s position.
🌍 Middle East situation:
🤝 On the other hand, US alliances in the Middle East may be collapsing. Iranian attacks are undermining US priorities by protecting Israel and leaving its other partners without cover.
🛡️ Middle East Eye (MEE) reports that the U.S. is refusing to replenish air‑defense interceptor stocks for Gulf states, citing strain on supply. According to the report, a source said:
💬 “We have shot several years’ worth of production in the last few days.”
🕵️♂️ US journalist Tucker Carlson claims that Saudi and Qatari authorities arrested Mossad agents attempting to plant bombs in these countries. According to the journalist, Israel wants to harm not only Iran, but also Qatar, the UAE and Saudi Arabia. “Last night in both Qatar and Saudi Arabia, authorities arrested Mossad agents planning on committing bombings in those countries.” He said.
🗣️ The former Israeli prime minister claimed in a recent viral speech that Qatar, Saudi Arabia and Turkey would be next after Iran, because they also supported groups opposed to Israel in the region.
🏭 Mainstream attribute the strike on Saudi Aramco’s Ras Tanura refinery to Iranian drones/missiles as part of Tehran’s retaliation against US–Israeli attacks
🔥 According to local middle east media, violent protests erupt in Bahrain. Protesters demand the immediate expulsion of US forces and a diplomatic turn towards Iran after the latest attacks in Manama. The Fifth Fleet on high alert.
🎥 A video has emerged on social media showing an American pilot who crashed in Kuwait after his plane was shot down by local anti-aircraft batteries. In the images shared on social media, the local population does not seem very happy with the visitor, and some try to attack him.
🎙️ Back to Tucker Carlson, one of his podcast guests, Catherine Austin Fitts, who worked under the first Bush administration, shared an interesting theory that we can’t pass up in our report and that we saved for our readers. The view was completely different: This is not about nuclear weapons. In reality, Iran’s central bank matters because its energy resources — particularly its oil — matter.
💳 If you intend to implement a revolutionary new monetary framework based on globally applicable digital IDs, controlled across multiple centralised jurisdictions, you cannot afford systemic leakages. At this moment, Iran represents a significant leak within that system.
🏦 Larry Fink and BlackRock have stated that “we need to move very quickly in this direction”, and they are planning to trade equities and bonds as tokens. As they have said, “all investments will be tokenised on platforms.”
🌐 This suggests that we may eventually see the emergence of a form of centralised blockchain infrastructure for global markets — potentially representing a marketplace worth hundreds of trillions of dollars.
🛢️ Crude market:
⚠️ While the initial market response has been relatively contained, the risk of a major energy crisis stemming from the conflict remains high if the disruptions to oil and gas supplies are prolonged.
⛽ The Trump administration’s military strikes against Iran have triggered an energy crisis, with disruptions to oil and gas flows through the critical Strait of Hormuz. Despite the significant supply disruptions, including the closure of major LNG and oil facilities, the price surges in oil and gas markets have been relatively limited so far.
📈 Traders seem to be betting that the conflict will be short-lived, with only modest price increases rather than the kind of dramatic spikes seen in previous energy crises. However, a prolonged disruption to energy supplies from the region could still cause chaos across global markets, as the world remains heavily dependent on oil and gas from the Middle East.
🇯🇵 Japan has declared that it has 254 days of oil reserves. If the Strait of Hormuz remains closed for an extended period, it will pose a serious problem for the Japanese economy and thus the world economy.
Market View.
📉 US futures remain under pressure following modest bullish rebounds during yesterday’s session.
📈 E‑mini S&P 500 futures are trading at levels similar to yesterday’s opening, currently around 6,812 points.
💻 Nasdaq 100 futures appear slightly more resilient but remain in a comparable position, trading near 24,685 points.
💵 The strengthening of the US dollar continues, with the DXY index approaching the 99 level.
📉 Meanwhile, the US 2‑year Treasury yield has surged nearly 5%, moving above 3.5%, adding renewed pressure on rate expectations.
💶 As a result, EUR/USD is falling sharply, breaking below the 1.1650 level.
📉 European markets are opening with heavy losses.
🇩🇪 DAX 40 futures have broken support at 24,800 points, dropping sharply to around 24,230.
🇪🇺 Euro Stoxx 50 futures have also breached the 6,000‑point support level, falling to approximately 5,890 points.
🥇 Gold futures, which briefly moved above $5,430 per ounce yesterday, have cooled to around $5,335 per ounce.
🛢️ Following Monday’s dramatic gap higher in crude markets, oil is once again climbing towards those elevated opening levels.
⛽ Spot Brent crude has moved back above $80.50 per barrel.
₿ Finally, Bitcoin continues to show relative resilience amid the broader turmoil. After briefly surpassing $70,000 during yesterday’s session, it has pulled back to around $67,880, appearing to consolidate a clear support zone in this region.
