Safe-Haven Demand Surges as Iran War, AI Selloff, Debt Fears Converge

📉 MARKETS — Three separate shocks are pricing the same answer at once. 📌 LOOK CLOSER: Safe-haven flight from equities, energy, and sovereign debt simultaneously signals markets no longer treat these as separate risks. Iran war keeps oil elevated, which feeds inflation, which pressures debt sustainability — the chain is now one trade. When AI and geopolitics sell together, risk-off isn't rotation. It's repricing of the baseline.