#IsraelIranConflict
#IsraellranConflict: Escalation Risks & Market Impact
Tensions between Israel and Iran reached dangerous levels in April 2024 after a suspected Israeli airstrike on Iran's Isfahan nuclear facility, prompting Tehran to activate its air defenses. This exchange followed Iran's unprecedented direct missile attack on Israel days earlier, marking a shift from proxy warfare to overt confrontation. Global markets reacted nervously-Brent crude briefly spiked to $92/barrel, while Bitcoin dipped 8% as a "risk-off" sentiment emerged. The conflict threatens to destabilize Middle East oil supplies (20% of global output) and could trigger broader economic shocks if escalation continues.
Diplomatic efforts by the US and Gulf states aim to contain the crisis, but the risk of miscalculation remains high.
