Commentary

Markets brace for uncertainty after U.S. and Israel strike Iran

The wider economic impact of this conflict will depend on how long these tensions last and how much they disrupt global trade.

By: Brad Pineault Anu Gaggar Beau Coash John Cassidy

Updated: 3/2/2026

Key market and economic takeaways

Since the strikes began:

Oil prices have climbed while stocks have fallen. Brent crude oil, the global energy benchmark, rose about 8% earlier today.
Investors seeking safety have fueled a rally in the U.S. dollar and Swiss franc.
Yields across the U.S. Treasury yield curve advanced by six to seven basis points in early trading today, as the market anticipates potential inflation should high oil prices persist.
Safe-haven assets, such as gold, have attracted attention as investors look for stability.

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Markets brace for uncertainty after U.S. and Israel strike Iran

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