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FirstFT: Israel-Iran Conflict Enters Fourth Day, Roiling Markets

  • The Israel-Iran conflict entered its fourth day on June 16, 2025, with Israel striking Iranian nuclear and military sites and Iran retaliating with missiles and drones.
  • The fighting began on June 13 with a surprise Israeli attack targeting the heart of Iran's military infrastructure amid decades-long enmity and rising geopolitical tensions.
  • Israel’s strikes killed at least 224 people, including six top Iranian security chiefs, while Iranian missiles caused 24 civilian deaths in Israel, with sirens sounding across several areas.
  • Brent crude oil prices surged over $139 per barrel and WTI reached $133 amid market volatility, while the Cboe Volatility Index closed at 20.82, reflecting rising geopolitical risk and economic uncertainty.
  • The escalation exposed global market fragility, heightened inflation risks, and renewed calls for energy supply diversification, while major central banks' interest rate decisions this week add further uncertainty.
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Israel and Iran exchanged new airstrikes on Monday, the fourth day of a deadly military escalation

·Montreal, Canada
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IBTimes Australia broke the news in Australia on Monday, June 16, 2025.
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