US and Israel Launch Military Operations Against Iran, Sparking Global Risk Aversion

U.S. President Donald Trump has announced the commencement of "major combat operations" in Iran, triggering an immediate shockwave across global financial markets. The announcement followed pre-emptive missile strikes launched by Israel against targets in Tehran, marking a significant escalation in regional tensions. This military action has prompted a massive flight to safety, with investors flocking to safe-haven assets such as Gold (XAU/USD) and the Japanese Yen (USD/JPY). Energy markets reacted sharply, with Brent Crude and WTI prices surging due to heightened fears of supply disruptions in the Middle East. Global equity markets faced heavy selling pressure, reflected in a sharp decline in the SPY and other major indices as risk appetite evaporated. The onset of direct military conflict involving major powers represents a maximum-impact event for the global economy and financial stability.