Israel Strikes Iran, Global Markets and Oil Surge

Israel launched airstrikes on Iran’s nuclear and ballistic missile facilities, causing a major escalation in Middle East tensions and triggering sharp declines in stock markets across Asia, Europe, and the US. Oil prices surged as much as 13% before settling around 8% higher, driven by fears of potential disruptions to supply chains, especially through the critical Strait of Hormuz. While initial reports indicated no damage to Iranian oil infrastructure, energy stocks rallied amid the turmoil, while sectors such as airlines and manufacturing faced pressure from rising energy costs. India’s markets fell sharply, and analysts warned that sustained high crude prices could increase inflation and hurt key economic sectors. Both Israeli and Iranian officials signaled readiness for further action, fueling concerns of extended volatility in global financial and commodity markets. The global investment community remains cautious amid the heightened risk of conflict escalation.