Breaking: The US and Israel launch strikes on Iran, prompting global markets to turn risk-averse

US Launches Major Military Action in Iran After Israeli Strikes

On Saturday morning, US President Donald Trump revealed that American forces had initiated significant military operations in Iran, following Israel's earlier missile strikes targeting Tehran.

According to Iran’s Tasnim news agency, several sites in Tehran were struck by US air raids.

Israeli Prime Minister Benjamin Netanyahu stated that the offensive against Iran was intended to eliminate what he described as an “existential threat.”

In response, the Israeli military reported missile launches originating from Iran, which triggered warning sirens across multiple regions. The Israel Defence Force (IDF) also confirmed that Iran had carried out retaliatory attacks.

Israel has now declared a nationwide emergency and urged residents to remain near designated shelters for their safety.

Impact on Global Markets

As the new trading week begins, global markets are bracing for heightened volatility and a surge in risk aversion. Investors are expected to flock to safe-haven assets, with gold and oil prices anticipated to soar.

Currencies traditionally viewed as safe havens—including the US Dollar (USD), Japanese Yen (JPY), and Swiss Franc (CHF)—are likely to see increased demand, while stock markets worldwide may experience significant downward pressure.