Multiple high-authority UBS publications—specifically from the UBS Global Wealth Management Chief Investment Office and UBS Asset Management—explicitly discuss the potential negative effects of an Iran-related conflict on global markets. The UBS commentary in its Daily and Flash Commentary reports directly addresses Iran-driven geopolitical risks, highlighting possible repercussions for global market positions and emphasizing the importance of risk monitoring and hedging strategies. Additional thematic and strategic UBS insights corroborate this view by referencing increased uncertainty, potential market volatility, and adjustments in asset positioning attributable to Middle East tensions. No source contradicts or downplays the notion that UBS issued such a warning; instead, the sources consistently frame the Iran conflict as a material geopolitical risk to global financial stability. Given the consistency, authority, and context of these verified UBS analyses, the statement that UBS issued a warning about the negative global market effects of an Iran-related conflict is highly likely to be true.