The financial world has been rocked by a flare-up of geopolitical risks, causing stock prices to slide – while triggering a flight to the market's safest corners such as bonds and the dollar. Oil rose.
Stocks suffered their worst day since January after a news report that Israel was preparing for an Iranian attack on government targets. About 40 launches were identified that crossed Lebanese territory, some of which were intercepted, the Israel Defense Forces Bloomberg Terminal wrote in a post on the XBloomberg Terminal. US President Joe Biden said he expects Iran to attack Israel sooner rather than later – and his message to Iran is: “Don't do it.”
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