Central Banks Shift to "Higher for Longer" Rates Amid Inflation: This directly impacts mortgage REITs like Chimera, increasing their borrowing costs and potentially affecting the valuation of their mortgage-backed securities.

Iran War Escalation Drives US Inflation to 3.3%: Elevated inflation contributes to central banks maintaining higher interest rates, putting sustained pressure on the broader financial sector and the mortgage markets where Chimera operates.

Strait of Hormuz Closure Sustains Oil Price Volatility: While indirect, ongoing oil price volatility can disrupt overall economic stability and consumer confidence, which in turn can influence the health of the housing market and performance of mortgage assets.