Global Markets in Turmoil Amid U.S.-Iran Tensions

Global stocks fell on Thursday as investors sought refuge in safe havens like gold and the U.S. dollar. Market jitters stemmed from the potential entry of the U.S. into the ongoing air war between Israel and Iran. President Donald Trump's ambiguous stance on military action has introduced uncertainty.

The Wall Street Journal reported that while Trump approved attack plans on Iran, he is waiting to see if Iran will cease its nuclear activities before proceeding. European stocks pointed to a lower open with DAX futures down amid cautious market sentiment.

Central bank policies added a layer of complexity. The Federal Reserve, despite Trump's discontent, left rates unchanged but hinted at future cuts. Other central banks, including those in Europe and Japan, are also under scrutiny as global tensions and economic indicators influence policy decisions.

(With inputs from agencies.)