US-Iran Tensions and Rising Oil Prices Suppress Risk Appetite in Global Markets

Global markets opened the week under the weight of geopolitical tensions, as intensified US strikes on Iran, ongoing risks in the Hormuz Strait, and rising oil prices dampened risk appetite while increasing sell-side pressure on bourses. The energy commodity fluctuations, particularly in currency pairs and commodities, have become a focal point for investors. Oil prices, gaining momentum from $55,000 levels, are directly impacting energy stocks. According to Ichimoku Cloud analysis, the BIST 100 index is signaling short-term bearish positions. Technical traders are closely watching moving average breakdowns and Fibonacci levels as critical thresholds. The market dynamics are set to test whether geopolitical developments will have lasting implications or remain transient. Key observations include: