Amid rising tensions, there was also confusion over comments made by US Vice President JD Vance. He said the US has military options that it has not yet used.
Some people took this as a hint that nuclear weapons could be considered. However, the White House quickly denied this. It said there was no suggestion of a nuclear strike in his remarks.
This clarification came after criticism from an account linked to Kamala Harris.
A Rare Bright Spot In The Market
While most markets were under pressure, there was some positive news. Samsung Electronics saw its shares rise about one percent.
The company reported that its first-quarter profit likely jumped by 755 percent to a record $38 billion. This growth was driven by strong demand for chips used in artificial intelligence.
The next few days are very important. The US deadline for Iran is approaching, and markets are watching closely. Any new action or statement could move prices sharply.
If tensions increase, oil prices may rise further, and stock markets could fall more. If the situation calms down, markets may stabilise.
For now, uncertainty remains the biggest concern.
(With AFP inputs)