According to BlockBeats, Morgan Stanley strategist Wilson stated that although the U.S. strikes on Iranian nuclear facilities are making headlines, sell-offs triggered by geopolitical events usually last for a short duration.
After the U.S. joined the attack on Israel, market reactions were mild, with Brent crude oil prices temporarily rising by 5.7%, but most of the gains were given back on Monday. Iran may respond to the escalation by disrupting navigation in the Strait of Hormuz, which is a vital shipping route for global oil and gas.