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World economy braces for impact of US strikes on Iran

  • The United States and Israel launched air strikes on three Iranian nuclear facilities over the weekend, primarily on Saturday, escalating tensions in the Middle East.
  • These strikes followed growing geopolitical tensions and were accompanied by President Trump suggesting possible leadership change in Iran.
  • In response, Iran launched a missile attack on the largest American military base in Qatar on Monday, while signs on Monday night indicated the Israel-Iran conflict might be ending.
  • Following recent regional instability, crude oil prices fell about 8% to below $68 a barrel on Monday after earlier climbing to near $74, and Canada’s main stock index surged, led by materials and gold mining sectors.
  • The air strikes have pressured oil markets and raised inflation concerns, while U.S. counterterrorism authorities reported increased threats and are closely monitoring cybersecurity and public official risks.
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stockhouse.com broke the news in on Monday, June 23, 2025.
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