#IsraelIranConflict Global financial markets experienced a sharp turn of geopolitical tension after Israel carried out a series of airstrikes on Iranian facilities, including nuclear and military sites. This event marked the largest escalation of conflict between the countries in recent years, which immediately affected the economy and finance. Investors rushed into 'safe' assets such as gold, government bonds, and safe-haven currencies, while simultaneously exiting risky assets. Government bonds became another refuge for investors. The yield on 10-year U.S. bonds fell to a monthly low (4.31%), and the yield on German bunds decreased to March levels. 'The market is reacting with fear of escalation and regional war. This is a risk-off movement,' noted strategists at Deutsche Bank. The most dramatic response was in the oil market. Futures for WTI and Brent rose by 7% and 14% respectively — the largest daily jump since 2020. Analysts warned that further escalation could hit the global economy, especially in the context of already high prices and instability due to U.S. trade policy.