The Iranian military issued a statement saying that if the United States dares to attack Iranian infrastructure, Iran will destroy "all assets and infrastructure" of the United States and Israel in the Middle East; the scope of the strike may be further expanded to "important assets of the United States' followers in the Middle East".

Bitcoin weekend drop coincides with Trump weighing ground operation in Iran, escalation global tensions amid month-end rebalancing.

Traders grew confident that U.S. military personnel will physically enter Iran after an American fighter jet was reportedly shot down.

Iranian media reported that the US proposed a ceasefire amid escalating tensions and serious difficulties faced by the US military due to misjudging Iran's military capabilities. The US's diplomatic efforts to seek a ceasefire became increasingly urgent after Iran's attack on a US military warehouse on Bubiyan Island in northern Kuwait.

US employment is expected to rebound from its February lows in March, with the healthcare and construction sectors contributing the main increases. However, as the Middle East conflict pushes up oil prices, business hiring confidence will be further impacted. JPMorgan warns that negative monthly non-farm payroll growth will become increasingly common in the future.