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Here's What the Israel-Iran Conflict Could Mean for the Economy
- Over the past two days, Israel has launched strikes on more than 200 locations in Iran, targeting both military installations and nuclear-related sites, intensifying tensions in the Middle East.
- This operation followed mounting regional tensions and raised concerns about potential disruptions in the Strait of Hormuz, crucial for 17 million barrels of daily oil transit.
- Following the attacks, oil prices surged with U.S. crude rising 7.3% and Brent crude climbing 7%, marking the largest single-day gain since Russia’s 2022 invasion of Ukraine.
- Gold futures increased by close to 1%, and spot gold climbed around 2%, resulting in weekly gains near 4% as prices neared the April 2025 record high of $3,500.
- The strikes have increased market uncertainty, causing U.S. gasoline prices to likely rise 10 to 25 cents per gallon, while emerging markets like India show resilience amid global risks.
13 Articles
13 Articles
Here's what the Israel-Iran conflict could mean for the economy
(NewsNation) — Uncertainty has been the economic theme of the year, and escalating conflicts in the Middle East threaten to drive up energy prices and could squeeze household budgets even further. Oil prices surged and stocks fell after Israel attacked Iranian nuclear and military targets Friday morning. Meanwhile, gold prices soared as investors flocked to safe-haven assets. Geopolitical shocks are often short-lived in financial markets, so thi…
Stocks close down, gas prices could rise following Israeli attack
Israel’s attack on Iran created waves across the global market as investors moved towards safer assets. Stocks dropped, while oil prices rose sharply and gold approached record highs. Stocks fall All three major U.S. indexes closed down on Friday, June 13, erasing gains from the week. The selloff continued late in the afternoon with reports of Iran launching ballistic missiles at Israel. The Dow Jones closed about 2% down, while the Nasdaq dropp…
Gas Prices Could Go Up if Iran and Israel’s Conflict Escalates
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