CORE REGIME - Eskalasi AS-Iran ditransmisikan melalui crude, yields AS, serta DXY yang lebih tinggi, bukan melalui duration rally. Alignment tersebut mendukung USD dan Oil, menahan CAD, menekan FX sensitif-China, serta menantang ES/NQ dan Gold. Passage Hormuz terverifikasi menjadi reversal trigger paling bersih.
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