Sep 3 — US-Iran strikes, Fed hike fears and a stablecoin push

• The US military completed fresh strikes on Iran and Trump signaled more to come — direct military escalation threatens Gulf oil supply and has already pushed Brent toward $95 for a third consecutive day. • Fed Governor Barr said the Fed should raise rates if inflation fails to moderate, with markets now pricing 58% odds of a hike this month — a hawkish pivot that could reprice risk assets globally. • Twenty-one banks including Goldman Sachs and BofA plan to launch a joint dollar stablecoin targeting the first half of 2027 — Wall Street's coordinated entry directly threatens Tether and Circle in payments infrastructure.