Aurora Macro Strategies

Iran-U.S. War Update: Moving to Phase II

March 11, 2026

GeopoliticsMENAUS

The Iran-U.S. war is moving into Phase II as both sides adjust from initial escalation to a more durable confrontation. Aurora assesses the new objectives, risks of miscalculation, and market channels most exposed.

The full report is available to Aurora's institutional clients. Request a copy and our team will follow up within one business day.

Request the full report

Iran-U.S. War Update: Moving to Phase II