Tehran fired back at Israel and hit US bases across the Gulf.
This explosive development came as a surprise, given there was an agreement to hold further talks over the coming weeks.
With missiles still flying, the risk of a full-blown regional escalation is growing by the minute.
And this was reflected on Sunday when markets opened with sharp gaps from Friday’s close amid the chaos.
Note: Prices shown represent the gap from Friday’s close.
POTENTIAL WINNERS:
The primary beneficiary as market fear spikes; prices may surge as investors hedge against a wider regional conflict.
As risk aversion intensifies, investors may rush to safe-haven destinations.
The US-Israeli war against Iran has plunged the global crude market into turmoil, with the effective closure of the critical Strait of Hormuz fuelling supply side fears.
POTENTIAL LOSERS:
As investors scramble for safety amid the chaos, global equities may face fresh selling pressure.
Overall uncertainty and caution may repel investors from cryptos in favour of precious metals or safe-haven FX currencies.
There have been reports that Trump intends to engage in new talks with Iran’s new leadership.
Nevertheless, the Iran crisis has entered a new phase which could mean heightened levels of volatility over the next few days to weeks.
And with volatility comes opportunity.
Don’t miss out.