US-Iran conflict escalation
After a two-day pause, Iran launched a missile attack on US forces in Jordan, escalating again. However, Trump has now called off planned strikes on Iran and signaled talks will restart, indicating potential de-escalation. Markets surged to all-time highs (S&P 500, Dow) on de-escalation hopes; oil prices sank 5.5% (Dow +600). Diplomatic efforts continue but tensions high. Shipping traffic on Hormuz at three-week low. Netanyahu to meet Trump; Trump also hosts Zelenskyy. Nuclear program issues unresolved. Houthis threaten Red Sea blockade; Qatar and Pakistan propose ceasefire. Latest: Israel issues new evacuation order in Lebanon after weeks of calm, signaling ceasefire strain. Trump says Hormuz deal could be announced as early as Wednesday — major for oil markets and war trajectory. AI-driven Nasdaq surge added $3.5T in market cap; SpaceX announces massive AI capex.