• The US launched an attack on three Iranian nuclear sites over the weekend, dramatically elevating the Middle East war and fueling supply shock concerns that propelled oil prices sharply higher.

• This overt US intervention has sent the markets into a worry, resulting in shaky US stock futures as investors hold their breath for Iran to react and gauge global economic repercussions, particularly if the Strait of Hormuz gets blocked.

• The Federal Reserve’s next policy meeting becomes even more questionable, with officials now having to contend with how the war, along with President Trump’s tariffs, would affect inflation and where interest rate cuts are headed.

• While a few officials continue to see two cuts in 2025, others now see none, representing the central bank’s division.

• Elsewhere, Anthony Pompliano made public the unveiling of ProCap Financial, a new bitcoin treasury company looking to hold up to $1 billion of the currency on its books, joining the latest of a number of public companies to do so.

• Tesla’s highly anticipated robotaxi test drove off in Austin, Texas, without a hitch, with CEO Elon Musk declaring its launch and numerous users posting successful rides.

• Private equity firm Warburg Pincus, on the other hand, is reported to be negotiating the sale of its stake in State Bank of India’s general insurance business, which could value the company at up to $4.5 billion.