Market Shifts Amid Rising U.S.-Iran Tensions

Global markets are grappling with heightened unpredictability as tensions escalate between the United States and Iran. The situation intensified following President Trump's announcement of an intervention, sparking widespread speculation and analysis among market experts regarding the potential outcomes.

Oil prices surged nearly 2% amid anticipation of potential regional instability, although this remains below the recent five-month highs. Meanwhile, Wall Street and European futures experienced declines of 0.3% and 0.4%, respectively, influenced by concerns over increased energy costs and geopolitical risks.

Amid the shifting landscape, U.S. Treasury yields have risen slightly, reflecting decreased demand for safe-haven assets. Investors are closely monitoring upcoming Federal Reserve activities, particularly Fed Chair Jerome Powell's Congressional testimony, where he is expected to address economic implications of the current geopolitical strife.

(With inputs from agencies.)