As Trump eyes a new round of major combat operations in Iran, rising oil prices and European bond contagion risk spark global stock selloff ...Middle East

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Good morning. On Fortune’s radar today:

Wall Street insiders have stopped buying their own stock. Trump eyes a new round of major combat operations in Iran. The grumpy American consumer. Markets: Bond contagion risk. Is Wall Street too optimistic for Q3 earnings? SpaceX is a decade ahead of its rivals. Billionaires fleeing Britain have taken more with them than the combined wealth of those who remained.

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