Markets brace for impact as Iran conflict looms.

Bob Iaccino of Path Trading Partners examines the sharp morning decline in U.S. equity futures as risk assets pull back and crude oil surges 4% amid stalled diplomatic efforts in the Iran conflict. He analyzes the broad sell-off in metals and Bitcoin, the rise in U.S. Treasury yields following a weak 5-year note auction, and the market's preparation for potential military escalation. Looking ahead, the update covers today's 7-year note auction, upcoming earnings from Argan Engineering and Carnival Corp, and key economic data including Michigan Consumer Sentiment and Fed commentary.