The US military launched a self-defense strike on southern Iran Monday night. The targets included missile launch positions and Iranian Revolutionary Guard ships attempting to lay mines, which the U.S. Central Command (CENTCOM) called these actions defensive actions during the ceasefire. However, U.S. futures jumped sharply on Monday, as investor sentiment improved as the US and Iran reached a possible deal to reopen the Strait of Hormuz.
The picture is dire: the battlefield seems to be firing, while the market is celebrating peace.
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