Tension is observed in global financial markets. Stocks and US futures contracts have declined, while oil prices have sharply increased due to the situation involving Iran. These events have led investors to reduce their risk appetite and turn to safe-haven assets.
The editorial office reports that Asian stock exchanges recorded a 1.2% drop. Futures contracts for major US stock indices fell by 0.6%, but recovered from earlier lows in the session. The price of Brent crude oil rose by up to 13% before a slight decline. This increase is linked to the conflict in the Middle East causing major turmoil in the global oil market and the effective closure of the Strait of Hormuz.
The smoke from a rocket strike on a building in Tehran on March 1st indicates the seriousness of the events. This situation has led investors to re-evaluate risks in their portfolios and increased interest in safe-haven assets such as gold and the US dollar.