When President Trump announced the initial wave of US and Israeli strikes on Iran at 8:30 a.m. CET on Saturday 28 February, marking the start of Operation Epic Fury, all traditional financial markets were closed.
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Most markets operate Monday to Friday only, meaning weekend developments, however significant, cannot be priced in until trading resumes on Monday morning, creating a bottleneck of reaction at the open.
US equities, futures, major foreign-exchange platforms, commodity markets, Asian and European bourses were all closed on Saturday.
Middle Eastern exchanges, such as those…
