The growing discourse surrounding a rapid, decisive military outcome in Iran suggests a straightforward path to regional stability. However, historical precedent and current geopolitical realities indicate that the "quick win" narrative may be a dangerous illusion. Engaging with Tehran presents structural risks that extend far beyond initial tactical successes, threatening global markets and long-term security.

Energy tension continues to influence price behavior across currencies, commodities, and bond markets.

The dollar index held above the 100 mark after four consecutive sessions of gains, supported by strong demand.