📰 Bags, Fears Spike After Israel’s Attack on Iran
Global investors are reeling after Israel struck Iran’s nuclear and military sites, triggering sharp volatility in assets worldwide. Oil prices surged up to 14%, while global equity markets—including the Sensex—experienced significant sell‑offs, driving investors toward safe havens like gold and the yen (marketwatch.com, theguardian.com).
🌍 Background Context
On June 13, Israeli forces launched a preemptive operation—Operation Rising Lion—involving over 200 aircraft and more than 300 munitions, hitting nuclear, missile, and radar targets deep within Iran (apnews.com). Iran quickly retaliated with drone strikes, raising fears of a prolonged Middle East conflict (financemagnates.com).
📊 Market Reactions
- Oil: Brent and WTI crude spiked 10–14%, briefly reaching ~$77–78/barrel—a three-year intra-day high (theaustralian.com.au).
- Equities: U.S. futures plunged 1.5–1.8%; Asian and European stocks fell over 1%; India’s Sensex dropped ~1.3% (~800–1100 pts) (barrons.com).
- Safe‑havens: Gold neared record highs (~$3,430–$3,444/oz); the yen, Swiss franc, and U.S. Treasuries rallied (thetimes.co.uk).
⚠️ Analyst Insight
Strategists warn volatility will stay elevated until clarity on Iran’s response emerges. “It’s now a question of when Iran will respond, not if,” said SMBC’s Hirofumi Suzuki, noting persistent uncertainty (reuters.com).
🔗 Suggested Authoritative Sources
- Reuters – market movements, volatility analysis
- The Guardian – impact on oil and global equities
- Bloomberg – expert commentary on escalation risks
- MarketWatch/Investopedia – sector-specific market reactions
🧾 Meta Article Details
Title: Bags, Fears Spike After Israel’s Attack on Iran
Description: Global markets tumble, oil surges, and safe‑haven assets rally after Israel’s strike on Iran, triggering investor concerns over regional escalation.
Slug: bags-fears-spike-after-israel-iran-attack
