A key concern for markets would center around the potential impact of the developments in the Middle East on oil prices and thus on inflation.

A US attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy.

The U.S. assault on Iran’s nuclear facilities has triggered a rush to safety, with investors bracing for market turbulence and increased geopolitical risk. Analysts expect a flight into traditional havens such as the U.