[MARKET UPDATE] Earlier moves extend (crude and dollar higher, T-notes, stocks and gold lower) as air defences triggered in Tehran

Context

The triggering of air defenses in Tehran suggests rising geopolitical tensions, likely impacting market sentiment. With crude oil and the dollar strengthening, traders are positioning for potential supply risks, while the declines in T-notes, stocks, and gold reflect a flight from safe havens. This situation could lead to increased volatility as the situation develops and traders reassess risk assets.

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