Forex Today: US Dollar surges above 98.50 as US-Israel strikes on Iran spark geopolitical crisis

💡 DMK Insight

The assassination of Iran’s Supreme Leader is a game-changer, and here’s why traders need to pay attention: geopolitical tensions are likely to spike, impacting oil prices and broader market sentiment. With the U.S. and Israel taking such a decisive action, we could see immediate volatility in oil markets, especially if tensions escalate further. Traders should keep an eye on crude oil futures, as prices could surge if Iran retaliates or if there are disruptions in oil supply routes. Historically, similar geopolitical events have led to sharp price movements in energy markets, so expect heightened trading volumes and potential breakouts above key resistance levels. On the flip side, this situation could also lead to risk-off sentiment across equities, particularly in sectors sensitive to energy prices. Watch for reactions in the S&P 500 and related ETFs, as they might show signs of weakness if investors flee to safe havens. The next few days will be crucial—monitor the news closely and consider adjusting positions based on the unfolding geopolitical landscape.