Global stocks fell sharply on Friday, and oil prices rose sharply, targeting places they said were linked to Iran’s nuclear program after Israel launched a string of airstrikes against Iran early in the morning of local time.
The Morningstar Eurozone Index fell by 0.83%, while the Morningstar Spain Index and the Morningstar Italian Index were hit hardest at around 1.6%. US stock futures also sank on Friday, with S&P 500 futures falling about 1.2% and Nasdaq 100 futures losing 1.5%.
Israeli Prime Minister Benjamin Netanyahu said the country has launched Operation Raisinglion, a “target operation to roll back Iran’s threat to Israel’s survival.”
According to Netanyahu, one target is Natantz’s nuclear facility, with uranium enriched. Additionally, several scientists and military leaders, including Hossein Salami, commander of Iran’s revolutionary security forces, were killed in Tehran and other parts of the country.
“The Israeli attacks will result in a serious escalation of conflict between the two countries, but it is likely that Israel has not been able to destroy Iran’s nuclear facilities,” analysts Joachim Kuments and Susana Cruz wrote in the comments. As the US was not involved in the attack, they do not expect Iran to retaliate against US sites in the Middle East, but they are hoping for repeated attacks and retaliation between Israel and Iran in the coming weeks.
“This Iranian response could lead to a conflict escalation and drag the US into it, and we would expect it to destroy the global oil and gas supply for longer, resulting in the impulse of another male dog in Europe, the UK and the US.
Oil prices and oil stocks jump
Crude futures skyrocketed after the attack, with Brent crude rising 13% overnight before storing gains at USD 72.70 per barrel, even as they increased from the US$69.40 closing in the previous session.
“We expect that without the wider war, today’s price rise will prove to be an event of sales. The oil market is well-supplied with OPEC set to increased production and soft demand.
“But a bigger war is unlikely. The Trump administration has said it is already committed to discussions with Iran. We are hoping for a response from Iran, but it will be as modest as the retaliatory strikes of the past and not causing a wider war,” Good added.
European energy inventory led profits in regions including Shell shellIt was energy Oursbp BP,ataalenergies tterepsol managerAker BP Aker And the equiner eqnr. According to Morningstar’s leading strategist Michael Field in the European market, an Israeli strike could disrupt the region’s oil supply when the market is oversupplying. He believes the risk of infection in the region is low, and the market effectively dismisses the possibility of an all-out war in the Middle East.
“Despite the material movement of oil prices today, the impact of European oil stocks on stock prices is much more restricted. This morning it was below 3% and up below 2%. Policeman Exxon xom” says Morningstar Field.
Defense stock is high
Defense stocks were also found among winners with stocks like rheinmetall rhmBAE system ba.Lockheed Martin LMTThales and Serve Serve B. Higher trading.
Gold hit nearly two months’ highs on the news, but made some profits as the morning progressed. The item was traded at around 3,419 US dollars early in Europe after reaching 3,443 US dollars overnight.
Other traditional safe havens like the Swiss franc, Japanese yen and US dollars have all been fortified overnight.
Among the worst performance stocks, airline companies featured prominently on EasyJet EZJIAG IAGGerman Ruftansa lhaRyanair Rya and Tui Twy Everything is losing the ground. The sector is facing weak data in US airfare data, facing rising fuel costs and a fatal crash of Air India planes. In addition to this, Israel’s attacks on Iran have caused several airlines to reroute to prevent airspace in Israel, Iran, Iraq, or Jordan during the day.
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