Iran hits Kuwait, US strikes near Hormuz in Gulf flare-up - Reuters
Geopolitics
Iran has struck Kuwait and the US has conducted strikes near the Strait of Hormuz in a significant Gulf military escalation. Hormuz controls ~20% of global oil supply; any closure risk drives an immediate crude/energy spike and risk-off rotation into defensives and out of rate-sensitive equities.
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Angle
↔ PAIR+8% target-4% stoptactical / 3-7 days pending de-escalation signals
Long USO / XLE and defense names LMT, RTX on Hormuz closure premium; fade SPY risk-on exposure tactically until escalation scope is clear.