As Trump eyes a new set of major combat operations in Iran, rising oil prices and European bond contagion risk are sparking a global selloff in stocks

Good morning. On Fortune’s radar today:

• Wall Street insiders have stopped buying their own stock.
• Trump eyes a new round of major combat operations in Iran.
• The grumpy American consumer.
• Markets: Bond contagion risk.
• Is Wall Street too optimistic for Q3 earnings?
• SpaceX is a decade ahead of its rivals.
• Billionaires fleeing Britain have taken more with them than the combined wealth of those who remained.

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This story was originally featured on Fortune.com