Defense official confirms imminent US military action against Iran, triggering fears of regional escalation and supply disruptions.
A US defense official announced plans for strikes on Iranian facilities tonight, citing efforts to pressure negotiators rather than escalate conflict. The move follows explicit warnings from Iran’s Tasnim news agency of a heavy response targeting US interests if attacked.
Markets are bracing for volatility, with oil prices likely to spike on concerns over disruptions in the Strait of Hormuz. Safe-haven assets such as the dollar, yen, and gold may see inflows, while equities and risk assets could face selling pressure. Traders await confirmation of the strikes and Iran’s reaction.
The situation remains fluid, with elevated risks persisting through the Asia session and beyond. Prior geopolitical tensions in the region have historically driven sharp market reactions, particularly in energy and equity sectors.