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US, Iran trade strikes, signal talks not off the table. Live updates.

military_conflictMiddle EastUSA Today20 Jul, 17:59 UTC

Context

US, Iran trade strikes, signal talks not off the table. Live updates.  USA Today Houthis impose Saudi naval blockade, opening new front in US-Iran war  Reuters U.S., Iran trade strikes as Houthis declare blockade of Red Sea oil route  The Washington Post July 19, 2026 - US begins ninth night of strikes, Iran claims new wave of missiles launched  CNN Expansion of US strikes on Iran leads to more retaliation across the Gulf  WOODTV.com

What it means

No call: the only market channels here were low-conviction — below our selectivity bar, where the track record shows no reliable edge.

Causal chain

No clear market signal

How to read a signal
Severity
the event's market impact, 1–5
Direction
/ likely price move for the asset
Exp. move
the size of the abnormal move we'd expect if the call plays out — not a claim a move will happen:
Ssmall<1%
Mmoderate1–5%
Llarge>5%
Most flagged events don't move beyond noise; those count against us (see the track record).
Timeframe
the window we measure over:
1dshort
5dmedium
21dlong
Conviction
how well-established the directional call is (textbook → speculative) — not a guaranteed outcome:
low
average
strong

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Not investment advice · for informational purposes only. Generated 20 Jul, 18:35 UTC