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Canada News.Net
23-06-2025
- Business
- Canada News.Net
Oil surge, market jitters expected after U.S. hits Iran facilities
NEW YORK CITY, New York: The U.S. bombing of Iranian nuclear sites has cast a shadow over global markets, with investors bracing for a sharp spike in oil prices and a potential flight to safety when trading resumes next week. Though Sunday saw a relatively muted response in Gulf equity markets, analysts and fund managers said the escalation marked a turning point, dragging the United States directly into the Israel-Iran conflict and raising the prospect of broader economic fallout. In a national address, U.S. President Donald Trump declared the strike a "spectacular military success," saying Iran's key nuclear enrichment facilities had been "completely and totally obliterated." Trump warned of further military action unless Tehran agrees to a peace deal. Iran responded sharply, vowing "everlasting consequences." Foreign Minister Abbas Araqchi said from Istanbul that Tehran would consider diplomacy only after retaliation. The broader market reaction will hinge on Iran's next steps. "Much depends on how Iran responds in the coming hours and days," said Saul Kavonic, energy analyst at MST Marquee. He warned that Tehran could strike U.S. interests or disrupt oil flows through the Strait of Hormuz — a vital corridor for global energy trade. "This could set us on a path towards $100 oil," he added. The Strait lies between Iran and Oman and is the main export route for Gulf oil producers like Saudi Arabia, Iraq, and Kuwait. A disruption there could have sweeping consequences for inflation and global supply chains. Even before the U.S. attack, Brent crude had climbed 18 per cent since June 10, reaching $79.04 — a five-month high. A further surge could complicate central banks' efforts to tame inflation and delay expected interest rate cuts. "I think oil will open higher," said Mark Spindel of Potomac River Capital, adding that the lack of a clear endgame would weigh on investor sentiment. "We're engaged. And uncertainty will blanket the markets." Retail investor confidence may already be wobbling. Ether, the second-largest cryptocurrency, dropped 8.5 per cent on Sunday, down 13 per cent since Israel's initial strikes on Iran on June 13. Despite the tensions, Gulf stock markets appeared largely unshaken. Benchmarks in Qatar, Saudi Arabia, and Kuwait were flat or slightly up. Israel's Tel Aviv 125 index touched a record high. Still, some see a path to resolution. Jamie Cox of Harris Financial Group said the attack might force Iran into negotiations. "With this demonstration of force... they've lost all of their leverage," he said. "They'll likely hit the escape button to a peace deal." History offers some reassurance: past Middle East flareups, like the 2003 Iraq war and the 2019 Saudi oil facility attack, triggered brief equity selloffs, but markets recovered within months.
Mint
23-06-2025
- Business
- Mint
Israel-Iran war: Tel Aviv shares snaps five-days gaining streak amid Middle East tensions, falls less than 1%
Israel stock exchange: Amid rising tensions between Israel and Iran, the Tel Aviv Stock Exchange snapped five-days gaining streak to fall less than a 1 per cent on Monday. The broad Tel Aviv 125 index opened 0.70 per cent down at 2,853.07 on June 23. On Sunday, Israeli stocks surged to all-time highs following U.S. airstrikes on Iran's nuclear facilities, which investors believe will delay Tehran's ability to develop nuclear weapons in the near future. The broad Tel Aviv 125 index closed up by 1.8 per cent, pushing its weekly gains to nearly 8 per cent, while the benchmark TA-35 (.TA35) rose by 1.5 per cent. Following Israeli strikes on Iran, stocks climbed throughout all five sessions last week, rising about 6 per cent, as Israel targeted Iranian nuclear and military sites ahead of the unexpected U.S. attacks on Saturday. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
23-06-2025
- Business
- Mint
Israel-Iran war: Why are Middle East stock markets gaining despite US attack on Iran?
Israel-Iran war: Israeli stocks surged to record highs on Sunday following U.S. strikes on Iran's nuclear facilities, which investors believe will delay Tehran's ability to develop nuclear weapons. The broad Tel Aviv 125 index closed up 1.8%, bringing its gains for the week to nearly 8%, while the blue-chip TA-35 (.TA35) rose by 1.5 per cent. Following Israeli strikes on Iran, the stock market posted gains throughout all five sessions last week, rising around 6 per cent, as Israel targeted Iranian nuclear and military sites ahead of the unexpected U.S. attacks on Saturday. Meanwhile, other Middle East countries stock market also witnessed strong rally amid ongoing tensions. Kuwait stock market indices Boursa Kuwait Premier Market Index was up nearly a per cent to 8,650.6. Meanwhile, in Muscat, Oman, the MSX30 Index was trading 0.50 per cent up to 4,525.31. U.S. President Donald Trump announced that he had destroyed Iran's key nuclear facilities in overnight strikes using powerful bunker-busting bombs, aligning with an Israeli offensive in a major escalation of tensions in the Middle East. "The destruction of Iran's key nuclear facilities by the U.S. military is, of course, a positive development ... in terms of improving the regional security environment and reducing Iran's military and nuclear capabilities," said Mizrahi Tefahot chief markets economist Ronen Menachem, was quoted as saying by Reuters. Israel launched intense strikes on Iranian nuclear sites, ballistic missile production centers, and senior military figures on June 13, prompting retaliatory attacks from Iran in response. Tehran pledged to protect itself and retaliated on Sunday by launching a barrage of missiles at Israel, injuring dozens and causing significant destruction to buildings in Tel Aviv. "Looking at the medium- to long-term — which is relevant for many strategic investors — this could represent a genuine opportunity, possibly related to the prospect of closer ties between the Saudi and American axis," Menachem said. (With inputs from Reuters) Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
23-06-2025
- Business
- Economic Times
Tel Aviv shares hit record highs after US strikes Iran nuclear sites
Israeli stocks surged to record highs following U.S. strikes on Iranian nuclear sites, perceived by investors as a significant step in preventing Iran's nuclear weapons development. The Tel Aviv 125 index climbed 1.8%, marking a nearly 8% gain for the week, while the TA-35 rose 1.5%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads obliterated Israeli stocks hit record highs on Sunday after the U.S attacked Iran's nuclear sites in strikes investors believe would likely prevent Tehran from developing nuclear weapons anytime broad Tel Aviv 125 index closed 1.8% higher, extending gains to nearly 8% the past week, while the blue-chip TA-35 gained 1.5%.On the heels of Israeli strikes in Iran, shares rose during all five sessions last week, gaining some 6%, as Israel hit Iranian nuclear and military targets prior to Saturday's surprise U.S. attacks."The destruction of Iran's key nuclear facilities by the U.S. military is, of course, a positive development ... in terms of improving the regional security environment and reducing Iran's military and nuclear capabilities," said Mizrahi Tefahot chief markets economist Ronen Menachem . "It's a game-changer."Israel began its punishing attacks on Iranian nuclear facilities, ballistic missile factories and military commanders on June 13, which have been met with retaliatory Iranian strikes against Israel.U.S. President Donald Trump said he had "" Iran's main nuclear sites in strikes overnight with massive bunker busting bombs, joining an Israeli assault in a significant new escalation of conflict in the Middle vowed to defend itself, and responded with a volley of missiles at Israel that wounded scores of people and destroyed buildings in Tel Aviv on for more than a week, local markets have cheered Israel's actions in addition to gains in shares, government bond prices have risen, the shekel has appreciated and Israel's risk premium has edged prices increased as much as 0.2% on Sunday. The shekel does not trade on Sunday but it has rallied from 3.61 per dollar on June 11 to 3.48 on Friday and is up some 1% this month."Looking at the medium- to long-term - which is relevant for many strategic investors - this could represent a genuine opportunity, possibly related to the prospect of closer ties between the Saudi and American axis," Menachem said."The question is whether and to what extent last week's sharp market gains already priced it in. A plausible scenario includes, at least in the initial response, further increases in equities, corporate bonds, and government bonds."
Time of India
23-06-2025
- Business
- Time of India
Tel Aviv shares hit record highs after US strikes Iran nuclear sites
Israeli stocks hit record highs on Sunday after the U.S attacked Iran's nuclear sites in strikes investors believe would likely prevent Tehran from developing nuclear weapons anytime soon. The broad Tel Aviv 125 index closed 1.8% higher, extending gains to nearly 8% the past week, while the blue-chip TA-35 gained 1.5%. On the heels of Israeli strikes in Iran, shares rose during all five sessions last week, gaining some 6%, as Israel hit Iranian nuclear and military targets prior to Saturday's surprise U.S. attacks. "The destruction of Iran's key nuclear facilities by the U.S. military is, of course, a positive development ... in terms of improving the regional security environment and reducing Iran's military and nuclear capabilities," said Mizrahi Tefahot chief markets economist Ronen Menachem . "It's a game-changer." Israel began its punishing attacks on Iranian nuclear facilities, ballistic missile factories and military commanders on June 13, which have been met with retaliatory Iranian strikes against Israel. Live Events U.S. President Donald Trump said he had " obliterated " Iran's main nuclear sites in strikes overnight with massive bunker busting bombs, joining an Israeli assault in a significant new escalation of conflict in the Middle East. Tehran vowed to defend itself, and responded with a volley of missiles at Israel that wounded scores of people and destroyed buildings in Tel Aviv on Sunday. Still, for more than a week, local markets have cheered Israel's actions in Iran. In addition to gains in shares, government bond prices have risen, the shekel has appreciated and Israel's risk premium has edged lower. Bond prices increased as much as 0.2% on Sunday. The shekel does not trade on Sunday but it has rallied from 3.61 per dollar on June 11 to 3.48 on Friday and is up some 1% this month. "Looking at the medium- to long-term - which is relevant for many strategic investors - this could represent a genuine opportunity, possibly related to the prospect of closer ties between the Saudi and American axis," Menachem said. "The question is whether and to what extent last week's sharp market gains already priced it in. A plausible scenario includes, at least in the initial response, further increases in equities, corporate bonds, and government bonds."
