All of the markers, if we look at commodity prices, oil and gold, they are both telling us, expect worse rather than better ...

Tehran has so far not followed through on its threats of retaliation against the United States - either by targeting U.S. bases or trying to choke off global oil supplies.

The leaders of Britain, France and Germany on Sunday urged Iran not to take any actions that would further destabilise the region following U.S. strikes on Iranian nuclear facilities overnight.