Iran tensions drive crude higher.

Path Trading Partners' Bob Iaccino runs through the latest multi-asset market moves, noting early declines across U.S. equities alongside rising Treasury yields. WTI crude surges following escalating clashes between U.S. and Iranian forces and a new oil development agreement with Venezuela. Meanwhile, expectations for a September Fed rate hike jump, with probability reaching 63.9% and pressuring gold and stocks. Iaccino also looks ahead to upcoming earnings and a heavy slate of global economic data, including Chinese manufacturing PMI, global CPI figures, and the Reserve Bank of Australia's interest rate decision.