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Iran issued a stern warning to Israel and the United States, cautioning of a potential “much larger response” in the event of any retaliation following its recent drone and missile attack on Israeli soil. Israel, on the other hand, declared that ”the campaign is ongoing.”
The attack, which involved explosive drones and missiles, was in direct retaliation for a suspected Israeli assault on Iran’s consulate in Syria earlier this month. This marked the first direct strike on Israeli territory, sparking concerns of a broader regional conflict.
Financial analysts have weighed in on the potential impact of these events on the markets. According to Jane Foley, Head of FX Strategy at Rabobank in London, while gold and oil prices may see fluctuations, other asset prices have generally downplayed geopolitical news in recent times. The successful defense by Israel against Iranian missiles could lead to a reduction in risk aversion as the trading week begins.
Despite this, the escalating geopolitical tensions in the Middle East are a cause for concern…
2024-04-14 15:04:21
Source from finance.yahoo.com