European stocks falter, oil rises, as US strikes Iran - Reuters
Macro
US military strikes on Iran triggered a flight-to-safety sell-off in European equities and a sharp jump in crude prices. The risk-off move reflects immediate geopolitical escalation concerns and energy supply disruption fears.
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Angle
Long crude and short duration European tech on unwind of risk premium; watch for VIX mean reversion as clarity emerges on retaliation scope.