Global equity and bond markets tumbled on March 22, 2026, after Iran launched a missile attack on Israel, triggering a sharp risk-off reaction. The conflict's escalation, including a warning to target critical US infrastructure, sent shockwaves through financial markets.
- Iran launched a missile attack on the city of Arad, southern Israel, on March 22, 2026
- Iran warned of targeting US and Israeli infrastructure in the region if its energy infrastructure is attacked
- S&P 500 (SPX) fell amid risk-off sentiment
- Crude oil futures (CL=F) rose due to regional supply concerns
- CBOE Volatility Index (^VIX) surged on heightened market anxiety
- Defense and energy sectors experienced sharp volatility
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