Ecaterina Bigos, CIO of Core Investments at AXA Investment Managers, says tariffs remain the most important aspect affecting global markets amid risk factors, including the escalating tensions in the Middle East.

U.S. aircraft carrier USS Nimitz left the South China Sea on Monday morning heading west, according to data from ship tracking website Marine Traffic, after a reception for its planned port call in central Vietnam was cancelled.

Attacks force shift in U.S. plan for diplomatic deal in Iran and efforts to disentangle from region.

Global air traffic has been disrupted following Israel’s strikes on Iran Friday, with several major airlines suspending flights to and from locations in the Middle East and rerouting their planes to avoid much of the region’s airspace.

Gold rose to a near two-month high on Monday, as intensified clashes between Israel and Iran over the weekend stoked fears of a broader regional conflict, pushing investors towards safe-haven assets.

Major equity indices, which had been hovering near all-time highs, pulled back as geopolitical risks surged back to the forefront.

CONFLICT ENTERS FOURTH DAY: Israel and Iran have begun a new round of attacks, as the conflict between the two heavily armed rivals enters its fourth day.

The costs of chartering tankers to move oil from the Middle East to Asia have climbed and ship bookings have slowed as the Israel-Iran conflict fuels worries of potential disruptions, industry sources told Reuters on Monday.