<h1>Market volatility rises as Middle East conflict and tariff uncertainty weigh on global shares and central bank policy.</h1> Global equity markets fell as escalating Israel-Iran strikes raised fears of oil supply disruption and geopolitical risk; central bank actions and guidance-most notably the Fed holding rates while signalling future cuts and Switzerland cutting its rate-alongside tariff uncertainty and mixed economic data, combined to weigh on investor sentiment and drive volatility in oil, currency, and equity markets.