Markets brace for volatility after US launches 'combat operations' in Iran
Market participants are bracing for heightened volatility after the United States confirmed it has launched “major combat operations” in Iran. This is a development that could carry significantly larger consequences than recent geopolitical flare-ups and could quickly reshape views on where to invest in the near term. President Donald Trump said the US military had begun “major combat operations” in Iran. According to Reuters, an unidentified Iranian official said several ministries in southern Tehran were targeted. Recent geopolitical shocks — including a US tariff increase to 15% on all imports and the capture of former Venezuelan President Nicolás Maduro — have been absorbed with relative calm by markets. However, direct US military action in Iran raises the risk of broader...
