Iran Fires Missiles at Israel. NFP Already Crushed Equities. Asia Opens Into a War Premium.

Iran’s IRGC launched ballistic missiles targeting Ramat David Air Base in northern Israel. First direct strike since the April 2026 ceasefire. This is a response to IDF airstrikes on Hezbollah targets in southern Beirut. The IRGC has threatened broader regional attacks if Israeli operations in Lebanon continue.

Market Impact: Crude oil gap higher on Strait of Hormuz risk. Gold safe-haven bid. Equities face dual pressure (NFP selloff + geopolitical escalation). VIX likely above 25 on Monday open. Position sizing: AVOID new longs until dust settles.