Global Markets Slide As Iran-Israel Conflict Heats Up, Oil Soars
Tensions in the Middle East and Trump's threats to Iran are causing uncertainty in global markets, leading to a shift towards safe-haven assets like gold and crude oil. Asian markets are also feeling the impact, with declines in Japan, Australia, India, China, and Hong Kong. In Europe, the STOXX 50, DAX, CAC 40, and FTSE 100 are all down. Oil prices surged over 7% after the strike and fears of supply disruption, while natural gas, gold, silver, and copper also saw price movements. U.S. futures are down over 1%, led by declines in the Dow Jones and Nasdaq 100. The dollar has gained against major currencies as investors seek safe havens.