Middle East shock to markets

Iran has declared the Strait of Hormuz open to everyone except tankers or ships of Israel, the U.S. and its allies — a major escalation that coincides with reports of Iranian missiles breaching Israeli defenses in recent barrages [](https://www.youtube.com/watch?v=bmvUCsfTbgE). Global risk priced in: over $2 trillion has been wiped from U.S. stocks since the US‑Israeli war on Iran began, illustrating the market shock from the conflict . The security picture is murkier after a U.S. KC‑135 refueler crashed in Iraq amid competing claims it was hit by a missile — CENTCOM has denied the strike claim — adding operational risks to the region .