From Quartz.
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Major U.S. stock indexes were set to open in the green Wednesday, while the VIX fell, during the fifth day of the U.S.-Israeli war against Iran. A New York Times report said some Iranian intelligence operatives made indirect contact with the CIA through a third country’s spy agency. The S&P 500, oil prices, and the VIX were in focus as markets weighed that report.
Israel reportedly urged the U.S. to ignore the approach, and Washington was not treating it as serious. Oil rose above $82 as Donald Trump proposed U.S. Navy escorts in the Strait of Hormuz; Goldman Sachs said traffic there is at 15% of normal, and U.S. gas hit $3.20.
The conflict widened as Iran fired a ballistic missile intercepted by NATO over Turkey, and Saudi Arabia’s Ras Tanura refinery faced another attack. Iran’s death toll exceeds 1,000, and Ayatollah Ali Khamenei’s funeral was postponed. Donald Trump said, “Most of the people we had in mind are dead… Pretty soon, we are not going to know anybody.” #middleeastconflict #stockmarket #geopolitics #oilprices #iranwar
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