Energy stocks and gold miners are set to rally after an American strike killed Iran’s leader and left the Middle East on the brink of more serious conflict, with the only certainty being a rush for safe assets and a higher oil price.

Despite the outbreak of missile and drone attacks across Iran, Israel and the Gulf – where the United States has several military bases – investors appear to be banking on a short conflict, with the only major market operating at the weekend, bitcoin, remaining buoyant despite the strikes.

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