Iran, Israel and India
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The benchmark indices rallied on Monday despite the ongoing war between Iran and Israel. Sensex jumped 677 points to 81,796, while the broader Nifty closed 228 points higher at 24,946. Investor wealth rose by Rs 3 lakh crore to Rs 450.18 lakh crore on BSE today against Rs 447.21 lakh crore on Friday.
This spike came after Israel struck Iran’s nuclear and missile sites, raising fears of further retaliation and supply disruptions. “The Strait of Hormuz is a chokepoint for nearly 20% of global oil flows, and any threat to its safety adds a geopolitical risk premium,” she added.
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India Today on MSNGold price rises amid Israel-Iran tensions: Should you buy now or wait?Gold prices are rising again as global tensions heat up and markets turn cautious. With rates inching higher, should you be buying gold or waiting it out?
Crude oil prices spiked over 10 percent on June 13, marking their steepest weekly rise since 2022 as Israel conducted strikes on key Iranian installations.
European Commission President Ursula von der Leyen and President Trump spoke on the phone Saturday ahead of the G-7 Summit in Canada next week. According to von der Leyen, the two discussed "the tense
Reliance on overseas oil is very much less a factor today than 10 or 15 years ago, says Nomura economist The airstrikes launched by Israel ... the Israel-Iran clash. Looking at the geopolitical ...