Reported 2 days ago
Following Israel's attacks on Iran, oil and gold prices have sharply increased while stock markets have declined. Gold prices rose nearly 1.5% to $3,434 an ounce, nearing its record, while Brent crude oil surged by over 7%. The ongoing conflict has caused major stock indices to drop, particularly in the aviation sector, as fuel supply concerns mount. The geopolitical escalation has raised fears of disruption in the vital Strait of Hormuz, which could further impact global oil supply and shipping rates.
Source: YAHOO