The war between Iran, Israel and the United States entered its fourth day Tuesday amid intensified strikes and mounting casualties, as global markets reacted sharply to the escalating conflict.

Fresh exchanges of missiles and airstrikes were reported overnight, with heavy smoke visible over targeted areas and officials on both sides signaling no immediate de-escalation.

Financial markets slid across Europe and Asia, while U.S. futures pointed lower. Oil prices climbed again on fears of supply disruption, particularly around the strategically vital Strait of Hormuz, through which a significant share of the world’s crude exports flows.

Investors moved toward safe-haven assets, underscoring growing concern that a prolonged conflict could fuel inflation and rattle global economic stability.

________________________________________________________________________________________________________________