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The ongoing conflict between the US, Israel, and Iran has entered its fifth week without signs of de-escalation. Key developments include the US not initiating a ground invasion and potential tensions over the Iranian oil island Kharg. The situation remains volatile, with no immediate resolution in sight. This geopolitical uncertainty impacts global markets, particularly oil prices and investor sentiment. Traders are closely monitoring regional developments for potential market-moving actions. The lack of clarity on military or diplomatic outcomes keeps markets on edge, affecting risk appetite and asset allocations.