Geopolitical tensions in the Middle East have escalated over the weekend, with coordinated strikes by the US and Israel targeting Iranian facilities and leadership. In response, Iran has launched retaliatory strikes across the Gulf region. The surge in hostilities has placed global markets under heightened scrutiny. Equity indices are trading lower, while safe-haven assets - including the Swiss franc and gold - are seeing increased demand. Oil prices have spiked overnight, driven by fears of potential supply disruptions in one of the world’s most critical energy regions. In this episode, Norbert Rücker, Head of Economics and Next Generation Research, provides timely analysis on the evolving geopolitical landscape and its implications for global investors. He is joined by Mensur Pocinci, Head of Technical Analysis, who outlines key technical support levels for equity markets and shares his outlook for oil and precious metals.