Iran Conflict Disrupts Global Markets And Banking

Markets are digesting this weekend's U.S. and Israeli attacks on Iran, which killed Supreme Leader Ali Khamenei on Sunday and prompted Iranian missile strikes. Near-term market moves were muted — major U.S. futures down under 1%, banks down over 1%, oil up nearly 5% at $70 a barrel — but analysts warn rising oil prices, cyberattacks and diverted congressional attention could pressure banks if the conflict persists.