Israel’s targeted airstrike campaign against Iran, which hit nuclear, missile, and military sites, has triggered a surge in oil and safe-haven assets, rattling global markets.
WTI futures rose nearly 9.5%, with Brent above $75, marking the largest intraday climb in years . ING highlighted increased risk premiums as traders anticipated disruptions near the Strait of Hormuz .
Gold climbed 1.3% and the U.S. dollar gained ground, while equities across Asia and Europe suffered significant losses. Treasury yields fell as investment strategies shifted toward safety .
Strategists are advising investors to monitor geopolitical headlines closely and to reweight portfolios toward defensive sectors, such as utilities, energy, and precious metals, until regional stability improves .
The timing is crucial, with U.S.–Iran talks looming in Oman and central bank meetings imminent. The next few days may define market direction into mid-summer
