WS #12141
US launches fourth night of strikes on Iran; Iran closes Strait of Hormuz and withdraws from MOU; Qalibaf makes hardline statements; oil prices remain flat despite escalation, suggesting market pricing in contained conflict. SpaceX shares fall below IPO price of $135 for first time, down 41% from peak, wiping out ~$200 trillion in market cap; impacts IPO market sentiment.
US-Iran Conflict Escalation
US launches fourth night of strikes on Iran; Iran closes Strait of Hormuz and withdraws from MOU; Qalibaf makes hardline statements; oil prices remain flat despite escalation, suggesting market pricing in contained conflict.
SpaceX shares fall below IPO price of $135 for first time, down 41% from peak, wiping out ~$200 trillion in market cap; impacts IPO market sentiment.