How would you conduct yourself when approaching an intersection with a yellow flashing traffic light?

Slow down and give right-of-way to vehicles approaching from the opposite direction.
Stop until the traffic light turns green.
Slow down and follow the “right-of-way” rules and the traffic signs that are placed in the intersection.
You have right-of-way towards the pedestrians on the zebra crossing, and therefore you should proceed normally to the intersection.