On Saturday, the US bombed three Iranian nuclear sites, escalating military action in the Israel-Iran conflict. President Trump urged Iran to seek peace or face further attacks, while Iran promised a swift retaliation. Initial responses in financial markets were muted, with risk assets stable and gold maintaining its appeal as a safe haven. The escalating tensions in the region could impact various financial markets, potentially leading to sell-offs in risky assets and an increase in safe-haven investments such as gold and the Swiss Franc.
Financial markets have seemingly taken this weekend's action in their stride with risk assets quiet at the start of the week.
Iran warns the US to expect 'regrettable responses', adding to fears of attacks on US military bases in the region.
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