[MARKET UPDATE]: Risk-off trade seen with downside in Equities, Treasuries, and spot gold, with upside in oil and the Dollar as Trump says Iran will pay 'many times over' for killing US soldiers

The escalating tensions following Trump's statement about Iran have triggered a risk-off sentiment across markets, leading to declines in equities, Treasuries, and gold, while boosting oil and the Dollar. This response indicates a flight to perceived safety and inflationary fears associated with geopolitical risks, suggesting investors are bracing for potential further escalations in conflict. The significant shift in asset dynamics points to a potential stability risk in markets if tensions continue to rise.