KUALA LUMPUR: Global markets turned cautious yesterday following the latest US military action against Iran, with economists warning that heightened geopolitical risks due to the situation in the Middle East could reinforce risk-off sentiment and affect oil prices, the ringgit, and trade flows, say analysts.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid told Bernama the renewed conflict injects fresh uncertainty into global trade, particularly through its direct impact on energy markets.
