Market watchers are bracing for turbulence after the U.S. confirmed it has launched “major combat operations” in Iran, a move investors say could carry far greater market consequences than the recent run of geopolitical flare-ups.
U.S. President Donald Trump said the U.S. military has begun “major combat operations” in Iran.
Several ministries in the southern part of the Iranian capital, Tehran, were targeted, Reuters quoted an unidentified Iranian official as saying.
Markets have been unfazed and accustomed to absorbing recent geopolitical and economic shocks and headlines, including Trump’s announcement of a hike in U.S. tariffs on all imports to 15%, as well as the administration’s capture of former Venezuelan President Nicolás Maduro.
“This has definitely bigger ramifications than Venezuela,” said Florian Weidinger, co-chief investment officer at Santa Lucia Asset Management.
