Wall Street fear gauge, the Volatility Index (VIX) surges over 23, surpassing its high of 19 when Israel attacked Iran in April 19th 2024. The U.S. economy is being squeezed by two major risk factors, a recession with a possible oil shock, pertaining to the looming Iran/Israel conflict.

Please refer to the news headlines, which sent U.S. share indexes down between 1% and 2% falls, and the VIX surging.

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• France urges citizens to leave Iran ‘as soon as possible’ - Times of Israel

• Asian airlines detour Iran on conflict risk - Bangkok Post

• Nonfarm payrolls grew by just 114,000 in July, below the downwardly revised 179,000 in June and the Dow Jones estimate for 185,000 - CNBC

• The unemployment rate rose to 4.3 percent in July - BLC

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