LIVE: Iran expects war with Trump to escalate within the next 24 hours

Escalating Iran-U.S. tensions and Houthi strikes on Saudi Arabia threaten Middle East supply routes, pushing Brent near $110 and WTI above $101. With Hormuz shipments still below prewar levels, energy risk premiums are rising. Expect volatility in oil, inflation-sensitive assets, and equities, while safe havens like gold and Treasuries catch a bid. Headline risk remains elevated over the next 24 hours.