Iran, Israel and Stock Market
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Israel and Iran continue to fire a volley of missiles and drones at one another, targeting energy infrastructure as well as residential areas. The conflict, which has killed over 220 people so far since Friday (June 13),
Israel's strike on Iran sparked turmoil in financial markets ... Oil spikes The price of crude oil surged as market participants braced for potential supply disruptions in the Middle East.
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.
U.S. oil prices already jumped last week, which could cause prices at the pump to rise about 20 cents a gallon in the coming weeks, according to one estimate.
13hon MSN
Iran fired a new wave of missile attacks on Israel early Monday, killing at least five people, while Israel claimed it had achieved air superiority over Tehran and could fly over the Iranian capital without facing major threats.
Nineteen Israelis have been reported killed in Iranian attacks since Friday, while Iran’s health ministry says 224 have died in Israeli strikes.