Global Markets React to Israel's Airstrikes on Iran
Oil prices surge and stock markets decline amid escalating Middle East tensions
On June 13, 2025, global financial markets experienced significant volatility following Israel's airstrikes on Iranian nuclear and military facilities.
Brent crude oil prices surged by over 9%, reaching $75.55 per barrel, driven by concerns over potential disruptions to oil supplies, particularly through the Strait of Hormuz, a critical passage for global oil shipments.
Concurrently, gold prices approached record highs as investors sought safe-haven assets, and the U.S. dollar index rose by 0.4%.
Equity markets worldwide declined sharply; European indices fell by approximately 1.1%, while S&P 500 futures dropped 1.3%.
Airline and travel stocks were notably impacted, with British Airways' parent company, IAG, and easyJet shares falling by 7.1% and 5.6%, respectively.
Analysts warned of a potential 'stagflationary shock' due to rising fuel costs amid already fragile global economic conditions.
J.P. Morgan projected that, should the conflict escalate further, crude oil prices could rise to $120 per barrel.
The situation remains fluid, with markets closely monitoring potential retaliatory actions by Iran and the broader implications for regional stability and global economic growth.
Brent crude oil prices surged by over 9%, reaching $75.55 per barrel, driven by concerns over potential disruptions to oil supplies, particularly through the Strait of Hormuz, a critical passage for global oil shipments.
Concurrently, gold prices approached record highs as investors sought safe-haven assets, and the U.S. dollar index rose by 0.4%.
Equity markets worldwide declined sharply; European indices fell by approximately 1.1%, while S&P 500 futures dropped 1.3%.
Airline and travel stocks were notably impacted, with British Airways' parent company, IAG, and easyJet shares falling by 7.1% and 5.6%, respectively.
Analysts warned of a potential 'stagflationary shock' due to rising fuel costs amid already fragile global economic conditions.
J.P. Morgan projected that, should the conflict escalate further, crude oil prices could rise to $120 per barrel.
The situation remains fluid, with markets closely monitoring potential retaliatory actions by Iran and the broader implications for regional stability and global economic growth.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.