US EditionOil prices surge 10% after Israel launches unilateral airstrikes against Iran
- Israel launched unilateral airstrikes against Iran early on Friday, targeting its nuclear and ballistic missile programs in the Middle East.
- The strikes followed rising geopolitical tensions and warnings of imminent missile and drone attacks on Israel’s civilian population.
- Oil prices surged more than 8%, with Brent crude futures reaching highs not seen since April, while global equities and airlines sold off amid heightened risk aversion.
- Market analysts noted a spike in one-way volatility, with safe havens like gold climbing 1.7% and currencies such as the Japanese yen and Swiss franc rallying amid fears of wider conflict.
- The escalation raises concerns about broader Middle East instability, possible U.S. involvement, and disruption to global oil supplies via the Strait of Hormuz, which could cause sustained market volatility.
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77 Articles
Israel's Attack on Iran Bullish for Oil Prices but Unlikely to Last Unless Exports Affected: Report
Get latest articles and stories on Business at LatestLY. Israel's surprise airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional instability. Business News | Israel's Attack on Iran Bullish for Oil Prices but Unlikely to Last Unless Exports Affected: Report.
Israel's attack on Iran has spooked the financial markets, fearing a regional conflict with negative effects on oil supply, and the world is already struggling with Trump's tariffs.
This Friday, June 13, the main stock indexes in the United States closed the day with falls as a result of the aversion to global risk due to the conflicts in the Middle East and the expectation of their evolution this weekend.The Nasdaq closed downwards with 1.30 percent, at 19 thousand 406,83 points, while the S&P 500 dropped 1.13 percent, at a level of 5,976.97 integers, while the Dow Jones ended with a fall of 1.79 percent in the 42 thousand…
Israel is attacking Iran on Friday night, and the backlash is following in the evening. Now, analysts are wondering how far this is going to go? The reaction on global financial markets: stocks down, oil and gold up. Wall Street is also following international stock market trends.
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