Khamenei's Death Ignites Safe Haven Rush, Sending Dollar, Yen, Franc, Oil Prices Soaring

Trading resumed with caution, and analysts anticipate a sharp rise in oil prices, with Brent crude already up significantly in over-the-counter markets. The conflict has sent shockwaves through various sectors, including shipping and air travel, due to warnings of rising energy costs and potential disruptions in the Gulf.

While the dollar saw some gains against sterling and the Australian dollar, it was slightly lower against the yen and Swiss franc. Analysts suggest this situation is different from previous Middle East tensions and could have more lasting implications for global markets, including potential oil shocks and broader economic impacts if the conflict escalates.