Week of Decision Looms for Iran War, Markets in the Balance

A Jefferies briefing with former intelligence and State Department officials says the coming week could determine whether the Iran conflict moves toward a narrow diplomatic off‑ramp or escalates into wider hostilities. With Iran facing internal pressures and U.S. leadership shaping options, the most likely path is a very narrow off‑ramp focused on maritime corridors; if diplomacy stalls, risks include broader disruption to Gulf energy routes and higher energy prices. Markets are expected to stay volatile, with the dollar as a safe haven as investors weigh a “managed” exit against the potential for deeper conflict.