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Yesterday marked the closest we have come to a single unified idea of the goals of the US in this conflict, namely, a total regime change with Trump "personally involved in picking Iran's next leader" (direct quote).
That is certainly an expanded scope from what many initially thought was a conflict to destroy the Iranian's ability to create nuclear warheads and it further suggests that this conflict, while intense, may have longer to go.
The Strait of Hormuz remains blocked, with traffic nearly reaching 0 yesterday and the promised convoys seem some way off yet. The statement from the admin yesterday regarding energy prices was appreciated, but its just talk in what is a developing crisis.
Amongst all of this, US jobs data releases today at 13:30 GMT, giving perhaps some respite from the constant war talk.
Markets Today
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Major Economic Releases (All times in GMT)
13:30- US Non-Farm Payrolls (Feb)