The market muddles through the fog of a widening war in the Middle East

Stocks shifted uneasily into positive territory following a report that Iran made indirect contact with the U.S. to float terms for ending the war

Charly Triballeau/AFP via Getty Images

The "fog of war" once described the confusion between combatants: the tangle of bad intelligence, miscommunication, and misread intentions that makes conflict so complex to navigate from the inside. In 2026, the fog has spread. It now encompasses the news media covering the war, the governments pronouncing on it, the strategic leaks designed to move markets, the breaking news from X $TWTR accounts of uncertain........

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