Iran Threatens Retaliation as Tensions Rise After Attack on Israel

• Iran warned of a "much larger response" if Israel or the US retailiates for Iran's attack on Israel • The attack was Iran's retaliation for a suspected Israeli attack on its consulate in Syria • Analysts say the attacks raise fears of a wider regional conflict and volatility in markets • Oil and gold prices are likely to rise on higher geopolitical uncertainty • Markets remain focused on high US inflation and the potential for more Fed interest rate hikes