Global Markets React as Geopolitical Tensions Rise

Global stock markets experienced a downturn on Thursday as investors gravitated toward safer assets amid fears of U.S. involvement in the Israel-Iran air conflict. The dollar strengthened following President Trump's uncertain remarks on possible military engagement, heightening market anxiety.

Investors are wary of potential escalation that could disrupt global energy supplies and adversely affect economic growth. The Brent crude price surged, reflecting these concerns. Central banks, meanwhile, have sent mixed messages, with the Fed holding rates steady but hinting at possible rate cuts amidst ongoing trade tensions.

European markets and currency movements echoed the volatility, as the Swiss National Bank's decision to maintain zero interest rates and the Bank of England's anticipated steady rate compounded the market's skittish mood. The geopolitical climate continues to dictate investor confidence and market dynamics.

(With inputs from agencies.)