16 June 2025
This week’s relatively calm progress for markets was shaken by an Israeli attack on dozens of Iranian military and nuclear infrastructure targets. The overnight attacks have sharply escalated tension in the Middle East with the Iranian government promising that the attacks won’t go unpunished, while Israel has indicated that further strikes on Iran are likely. The attacks were condemned by allied countries on both sides, but the uncertainty has been felt in markets. Equity markets were down on Friday morning and the dollar strengthened a little after recent weakness.
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