By Jesse Cohen
Investing.com - Tensions between the United States and Iran took center stage in global financial markets this week.
U.S. President Donald Trump responded to an Iranian attack on U.S. forces with sanctions, not violence, boosting stocks around the world.
Speaking from the grand foyer of the White House on Wednesday, President Donald Trump said that Tehran appeared to be “standing down” after it fired a barrage of missiles at military bases housing U.S. troops in Iraq on Tuesday.
“The fact that we have this great military and equipment, however, does not mean we have to use it," the president added.
Trump also suggested the U.S. would be open to negotiations with the Islamic Republic.
Iran offered no immediate signal it would retaliate further over a Jan. 3 U.S. drone strike that killed Iranian military commander Qassem Soleimani, as both sides appeared to back away from further military escalation in the Middle East.
Though the conflict may have thawed somewhat for now, investors will continue to be on high alert Thursday.
Two rockets fell on Baghdad's Green Zone, which houses foreign missions and government buildings, late on Wednesday.
There were no casualties, and no immediate claim of responsibility, but the strike served as a reminder that the region remains on tenterhooks.
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-- Reuters contributed to this report