after Qatar’s main export facility takes a direct hit. US signals may lift sanctions on some Iranian oil, after Brent crude rose as high as $119 a barrel. Qatar says strikes took out almost a fifth of its LNG output capacity. Tehran vows further retaliation for Israeli attack on South Pars gas field. Prices of metals like gold and aluminum plunge, stocks continue to slide.

as the bond market begins pricing in no rate cuts in 2026 and possibly some rate rises. Iran war-driven inflation is the reason, with US gasoline prices rising by the day. Ten-Year US Treasury Yields topped 4.33% on their way to 4.50%.

as global investors rush to global “Risk Off” like 90-day T-bills. The moves in gold and silver come amid broader risk-off sentiment, which has seen global equities and government bonds fall in tandem. European stocks moved sharply lower in early trade. Investors are monitoring the ongoing U.S.-Iran war as the conflict heads toward its third week. The war is fueling concerns about an energy shock that will add inflationary pressure to economies across the globe. Oil and gas prices spiked on Tuesday after energy facilities in Iran and Qatar were hit by strikes.

but the shares fall 4% as part of a global panic. EO Sanjay Mehrotra told CNBC on Thursday that the memory chip supply crunch is so tight that the company can only get its key customers a fraction of what they need. Micron nearly tripled revenue in the latest quarter as results sailed past analysts’ estimates. Micron stock is up more than 350% in the past year, thanks to a memory supply shortage driven by surging demand for Nvidia's AI chips.

in January. Sales of newly built homes dropped 17.6% month over month to a seasonally adjusted, annualized pace of 587,000 units, according to the U.S. Census Bureau. That is the slowest pace since 2022.  Housing analysts had been expecting a much smaller decline.  Sales were also 11.3% lower than in January 2025, according to the U.S. Census, which is still delayed in its reporting due to last year's government shutdown. December sales were also revised lower.