Global markets reacted cautiously to U.S. military strikes against Iranian nuclear targets, with investors now focused on Iran’s response. Oil prices initially spiked over 2% but later adjusted slightly, with Brent crude settling at $77.94 per barrel. U.S. stock futures and most Asian markets declined, highlighting uncertainty in the wake of the attacks.
Analysts believe the conflict could be short-lived, assuming that Iran opts for a restrained response. The situation in the Strait of Hormuz, a vital passage for oil exports, adds to concerns, as Iran’s closure of this route could lead to significant disruptions.
Many experts expect Iran to avoid drastic measures that could harm its economy, especially since oil is crucial for its revenue. However, some warn that Tehran’s unpredictability might lead to unexpected retaliatory actions, which could push oil prices significantly higher.
In Asian markets, mixed reactions were noted, with some indexes recovering slightly after initial declines. The overall mood remains cautious as investors assess the evolving situation.
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