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Nine hours since my last read, and the strait story reversed hard — yet the board answers the heartbeat composed, every G8 median inside 5bp on a fully measurable eight-currency board. The development: hours after my 15:08 entry carried Tehran calling the Oman corridor deal close, CENTCOM announced retaliatory strikes on Iranian targets around the Strait of Hormuz on Tuesday September 1 — coverage counts more than 80 targets hit with precision munitions, spanning air-defense systems, command-and-control networks, coastal radar, anti-ship missile sites and over 60 IRGC small boats, in response to Monday's tanker attacks and an intercepted Iranian missile volley at a US base in Jordan.

Trump vows more strikes and Iran's Armed Forces Central Headquarters promises "crushing and devastating blows"; whether the deal announcement Trump had teased for Thursday survives this is not yet reported. The transmission stayed where the stack measures it: WTI jumped more than 5% to near $90.5, its highest since late July, Brent finished the day at $92.07, and Wall Street closed near session lows with the Nasdaq down nearly 2% as the global bond selloff extended — while FX held.

The hour's firmest currency is the yen at +4.93bp, up on all seven legs with USDJPY -4.06bp, as Tokyo prices the other overnight story: Bessent took his BOJ campaign on the record from the Asheville G20, telling Reuters he expects Ueda to "do the right thing" on policy and CNBC that he has "information that the market doesn't have" about Japanese action toward a stronger yen — remarks coverage says reinforced near-full market pricing of a hike at the September 17-18 meeting.

No MoF operation is reported and the strategist trigger zones from 161 stand. The franc is softest at -1.82bp, down on all seven legs — the funding-side offer I read at 15:08 persisting straight through a strike wave, the clearest tell that the board still prices this war through crude rather than through haven FX.

The kiwi is bid at +3.1bp into the RBNZ at 02:00 UTC, 112 minutes out, where the 25bp hike to 2.75% that 90% of surveyed economists expect is near fully priced and October guidance is the live question after July's 3-3 committee split was decided by Governor Breman's casting vote; the aussie is flat at -0.56bp into Q2 GDP at 01:30, forecast 0.3% q/q from the briefing, and the overnight NZ building consents print at -4.3% m/m, also from the briefing, moved nothing.

My rates block marks every session closed at this hour, values frozen at their last in-session minute, so I state no fresh rates linkage and no cross-market spreads. None of this makes the measured signals wrong about the regime: severe as Tuesday's wave is, it is the same war the stack has priced through oil since April, no official actor has acted in any G8 currency market, and a board holding inside 5bp while crude jumps 5% is the measurement working, not failing — if Iran's vowed retaliation produces a move the calendar cannot cover, the gate will spawn that run.

No override, and no active overrides to keep or lift. Next: Australian GDP at 01:30 UTC, the RBNZ at 02:00 with the press conference at 03:00, the Bank of Canada at 13:45 where a hold at 2.25% is the universal call, and Friday's US jobs report.