The major repercussions of June 12, Israel's Missile Strike hit oil refineries in Iran, triggering a rally in the commodity markets. USOIL went from a 64 to 73$ per barrel, while GOLD continues its steady upward pace.
It has been decades of proxy war and threats. Are the markets overreacting?
Not necessarily. Nuclear threats cannot be taken lightly. Warfare should concern the world.
A brief historic review would be:
Israel sees Iran as an existential threat, not only to itself but to the Middle East as a whole, and has sought sanctions and military action against Iran to stop it from acquiring nuclear weapons, which in turn motivates Iranian Regime to retaliate.
Iran and Israel severed diplomatic relations following the Iranian Revolution (1979). Ever since, Iran does not recognize Israel's legitimacy as a state and has openly called for its destruction (with genocidal intentions).
Factors contributing to the escalation of tensions include the Iranian nuclear program, funding of Islamist groups (like Hezbollah, Palestinian Islamic Jihad, Hamas, Houthis), and Iran's involvement in terrorist attacks against Neighbors and Western Countries.
In 2024, besides numerous missile strikes against each other, Israel assassinated some of its enemies in Iran and Syria. In 2025, Israel carried out strikes against Iranian nuclear and military targets.
It is shameful the conflict has persisted so long without resolution. It has stalled progress of neighboring countries needlessly. Who will want to travel to the Middle East with fear of imminent war and anihilation?
Civilians are the real victims. It is obvious why, but how could any individual accept war?
Why should a normal person suffer (financially, physically and psychologically) because of politics and ideology?
"War is too important to be left to politicians
..."
(General Jack Ripper (fictional character). Dr. Strangelove)