Iran’s fragile peace process may be about to hit a major roadblock due to an Israeli attack that sent oil prices soaring worldwide. On Friday, the Dow Jones Industrial Average (DJIA) plummeted 1.79%, largely attributed to increased oil prices following Israel’s drone strikes on Iran’s nuclear facilities.
The latest attack marks a significant escalation in tensions between the two nations and raises concerns about potential repercussions on global markets and energy supplies. As investors scramble to assess the impact, analysts warn that this may be only the beginning of a larger crisis that could shake the international community.
Source: https://www.barrons.com/articles/iran-israel-war-oil-shock-economy-74b50e44