Iran-Israel Conflict: Global Markets React to Strikes

Israel's Strikes on Iran Send Global Markets into Turmoil June 13, 2025 - Global markets reacted sharply to the news of Israeli strikes on Iranian nuclear and military sites. Oil prices experienced a significant surge, while stock markets witnessed a decline, as investors grappled with the uncertainty surrounding the escalating situation in the Middle East. Safe-haven assets, such as gold, saw a notable increase in value. The National's Manus Cranny, in a short video report, highlighted the immediate impact of the strikes. He stated, "Markets are reacting sharply to Israel’s strikes on Iran, with oil prices climbing and stocks slipping as investors brace for broader instability in the region." The analysis provided by JP Morgan suggests a 7% probability of oil prices reaching $130 per barrel, a scenario that would involve significant disruptions to global energy supplies. The video also showed a striking visual representation of the geopolitical tension, displaying a near-complete absence of air traffic around Tehran. This visual representation underscores the gravity of the situation and its potential for wider ramifications. The situation remains fluid, with the Prime Minister of Israel, Benjamin Netanyahu, warning that the strikes are not yet over. The uncertainty surrounding the conflict's potential escalation continues to impact global markets, underscoring the need for careful monitoring and analysis of the situation's development.