US EditionCNBC Daily Open: Israel's Conflict with Iran Sends Tremors Through Markets
- Israel launched airstrikes on Iranian nuclear sites and military targets early Friday, prompting Iran to retaliate by sending over 100 drones toward Israeli territory.
- The escalating conflict follows rising tensions in the Middle East, with Iran canceling nuclear negotiations and Israel vowing to prevent Tehran's nuclear advances.
- The strikes caused widespread losses across Middle Eastern stock markets, including a 4.6% drop in Kuwait's index and an 18.4% plunge in Jazeera Airways shares.
- Oil prices surged 7%, reaching near $75 per barrel, while safe-haven assets like gold and the U.S. dollar also gained amid concerns of supply disruptions.
- The ongoing hostilities are expected to fuel further market volatility and raise fears of broader regional conflict, with investors advised to remain cautious.
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"In a large majority of cases, military conflicts have had a near-zero effect on actions," notes Christopher Dembik (Pictet Asset Management) ...
HOW EVERYONE FORGOT THAT TWO WARS CAN BE DIFFERENT
The constant conflation of supporting Ukraine and supporting Israel is incredibly stupid. So not only does Israel persist in trying to recover all of its Hamas abducted citizens and secure its defensive security against terrorist outrages such as October 7th, but it also has the profound nerve to prevent Iran obtaining 15 nuclear warheads to […] The post HOW EVERYONE FORGOT THAT TWO WARS CAN BE DIFFERENT appeared first on Richardson Post.
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