1. Geopolitical tensions have sharply escalated following attacks between Iran and the UAE, causing Brent crude oil prices to surge by over 5% and WTI by over 4%.
2. U.S. stock markets have fallen and the Dollar Index has strengthened to a session high amid Middle East tensions, while flights to the UAE are being diverted in response to the security situation.
3. Fed official Williams stated the U.S. job market remains strong and long-term inflation expectations are still contained, signaling a relatively stable policy outlook amid external shocks.
Middle East Tensions Spike Oil & Stocks Fall, Fed Signals Stability
