The escalating Iran war pushes Brent above the 100 USD mark and sends stocks and bonds down simultaneously – Alphabet shocks with an investment budget of up to 205 billion USD, Tesla crashes 11% after the first cash outflow in two years – the 30-year U.S. yield stays above 5% for as long as it did last in 2007, and Barclays now sees an interest rate hike as the greater risk, while the DAX slips below 25,000 points

USA & MACRO-OUTLOOK Oil prices become the dominant market driver Brent jumps by around 6.7% and approaches the psychologically and economically significant mark of 100 USD per barrel, after Iran-backed Houthi militias claim to have attacked two Saudi oil tankers in the Red Sea. It is the first attack by the group in months and opens an additional front in a conflict that is already disrupting global energy flows. President Donald Trump announces that he will hold Iran accountable for any further attacks by the militia – a statement that...