According to Bloomberg, Morgan Stanley strategist Wilson stated that although the U.S. strike on Iran's nuclear facilities dominated headlines, sell-offs triggered by geopolitical events are typically short-lived. After the U.S. joined Israel's attacks over the weekend, the market reaction was relatively muted—Brent crude oil prices briefly rose by 5.7%, but gave back most of those gains on Monday. However, Iran may respond to the escalating situation by disrupting navigation through the Strait of Hormuz, a critical global transit route for oil and natural gas.