#IsraelIranConflict
๐จ Israel-Iran Tensions Escalate: Global Markets on Edge ๐จ
The intensifying conflict between Israel and Iran is sending shockwaves through global markets. Israelโs recent strikes on Iranian military targets, followed by Iranโs missile retaliation, have spiked oil prices, with Brent crude surging 7% to $74.23/barrel. The Strait of Hormuz, a critical chokepoint for 30% of global oil, is at risk, potentially doubling oil prices if disrupted.
Stock markets are reelingโS&P 500 dropped 1.1%, Dow fell over 700 points, and crypto markets lost $140B, with Bitcoin hitting $102,822. Safe-haven assets like gold and the USD are rallying as investors brace for volatility. Crypto could see further dips if risk-off sentiment persists, but some view Bitcoin as a hedge against instability.
Geopolitical uncertainty may fuel inflation, delay rate cuts, and disrupt supply chains, impacting equities and commodities worldwide. Stay vigilant, diversify, and monitor developments closely