Assuming that a military conflict between the United States and Iran is bound to erupt in the near future, the impact on the risk market may be roughly divided into three stages: During the information game period, just like the present, there is a high degree of uncertainty where some say they are about to play, while others say they are still in talks. Most funds tend to seek safety, while a small portion of funds tend to take a gamble. 2. "First shot time", assuming that on a late night weekend, at the moment when the news pop-up officially announces that "the US military has launched a strike" (within minutes to hours), the market will experience a severe conditioned reflex. Safe haven assets: will be instantly boosted by quantitative algorithms, resulting in a pulse like surge. Risk assets: It is highly likely that a golden pit will be instantly smashed downwards, with blood stained chips everywhere, completing the final round of ultimate clearance of long leverage. 3. As more and more information was disclosed, it was discovered that the two sides were only engaging in a performance style conflict, and they immediately withdrew their troops. The prices of gold, silver, and crude oil will fall, and the US stock market and cryptocurrency are likely to experience a restorative rebound. So it may be better to avoid risks before the outbreak of the US Iran conflict.