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Global investors are plowing into safe haven assets as fallout continues from the US killing of Iran's top general, Qasem Soleimani.

The latest: Iran said over the weekend that it would abandon restrictions on uranium enrichment under the nuclear deal negotiated by the Obama administration, and Iraq's parliament voted to expel US troops. President Donald Trump said his administration has identified 52 Iranian sites , including culturally important locations, to target if Iran retaliates.

The situation is pushing global investors to sell stocks, while Brent crude, the global benchmark for oil prices, reached $70 per barrel on Monday. "The market is pricing in an event like Iraq seeing a significant disruption to supply" as foreign companies pull their personnel, Anish Kapadia, director of energy at Palissy Advisors, told me.

Traditional safe bets, meanwhile, have shot up in popularity: The Japanese yen hit its strongest level against the US dollar since October, and gold is trading near $1,577 an ounce, its highest level in nearly seven years.

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