Geopolitical tensions drive market volatility as Iran's president questions US involvement in regional conflict. Iranian President Masoud Pezeshkian posted an open letter to Americans, challenging whether military engagement serves US interests and warning that continued confrontation is costly for all sides. He signaled Iran views US actions as proxy support for Israel and characterized Iranian responses as defensive measures. The rhetoric underscores escalating geopolitical risks affecting global markets. Oil prices declined sharply, with crude dropping over three percent, while precious metals surged as investors seek safe-haven assets amid uncertainty. Indian markets showed resilience with Sensex and Nifty both posting gains. The situation highlights how political instability in oil-producing regions directly impacts commodity prices and investor sentiment globally.
