Middle East War Craters Wall Street Pre-Bell; Asia, Europe Down

Geopolitical tensions in the Middle East rattled global markets, causing significant pre-bell declines on Wall Street and losses across Asian and European bourses. The escalation of conflict typically leads to a flight to safety, impacting risk assets like equities and driving up commodity prices, particularly oil. Investors are closely watching for further developments and potential impacts on oil supply chains and inflationary pressures, which could influence central bank policies and economic outlooks.