Morning Brief: US — Today's Headlines

Iran declared a fully offensive war strategy on Monday, dashing hopes for a negotiated settlement 60 days after the U.S.-Iran memorandum of understanding was signed. Brent crude surged to $91.33/barrel, West Texas Intermediate hit $85.08, and the U.S. diesel crack spread topped $100/barrel for the first time in history. Wells Fargo reversed its inflation outlook and now expects the Fed to raise rates by 25 basis points before year-end.

Watch List

-...