Geopolitical Tensions - Tensions in the Middle East have escalated following strong explosions in Isfahan, Iran, amidst US and Israeli military actions targeting Iranian missile and drone infrastructure [2] - The USS Boxer Amphibious Ready Group, carrying approximately 4,500 Marines, is being deployed to the Middle East to enhance maritime security and crisis response capabilities [3] Energy Market Impact - Iraq has declared force majeure on all oilfields operated by foreign firms, halting most crude exports due to military operations affecting the Strait of Hormuz [4][8] - Brent crude futures surged to around $112.37 per barrel, reflecting concerns over prolonged supply shortages [4] - Fitch Ratings warns that a six-month closure of the Strait of Hormuz could push average oil prices to $120 per barrel, creating significant credit pressure across various sectors [5][8] Corporate Developments - Micron Technology's stock price fell 5.6% to a new low, as investors shift from high-growth tech stocks to defensive assets amid geopolitical uncertainty [6][8] - Kalshi faces regulatory challenges as a state judge has temporarily banned its operations in Nevada, impacting its ability to offer prediction market contracts [7]