India, March 5 -- One of the most impactful geopolitical events on global financial markets in recent times is the military conflict between the US and Iran. Wars and geopolitical events are known to cause volatility in financial markets immediately, especially when they are likely to affect the supply of energy, oil and other essential products. The military conflict between the US and Iran has already had an impact on the risk perception of global financial markets since it began on 28 February 2026.

The financial markets responded almost immediately, and the US equity futures plummeted as investors sought to minimise risks. The major stock markets, including the Dow Jones Industrial Average, the S&P 500, and the Nasdaq, experienced de...