Investors on Sunday were bracing for a flight to safety after the U.S. struck three Iranian nuclear facilities Saturday evening.
“Iran’s key nuclear enrichment facilities have been completely and totally obliterated,” said President Trump in a televised address on Saturday night. A full assessment of the damage is pending, “but initial battle damage assessments indicate that all three sites sustained extremely severe damage and destruction,” said General Dan Caine, chairman of the Joint Chiefs of Staff, on Sunday.
Investors were relatively sanguine last week as Israel and Iran exchanged missile strikes and President Trump mulled getting the U.S. involved. The major stock indexes jumped to start the week amid optimism about a diplomatic solution, but slid as the conflict dragged on and finished the week little changed.
Some analysts expect a sharp sell-off when…
