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Iran's Deputy Minister has warned that any EU country joining US and Israeli military actions against Iran would become a 'legitimate target' for retaliation. The statement comes amid heightened tensions in the Middle East, with Iran emphasizing its right to self-defense under international law. The Deputy Minister did not specify the nature of potential Iranian responses but stressed that such actions would be proportionate and targeted. The warning could escalate regional instability, affecting global oil markets and investor confidence. Geopolitical risks often drive volatility in energy prices and safe-haven assets like gold. Traders may also see increased fluctuations in the US dollar and euro as tensions between major powers and Iran intensify. Central banks in the Gulf and Europe might need to monitor capital flows and currency stability. For markets, the key focus will be on oil price movements and gold demand as a hedge against uncertainty. Investors should also watch for policy responses from the US and EU, as well as Iran's military and diplomatic actions. The situation underscores the importance of geopolitical risk management in portfolio strategies.
