Tensions between Iran and Israel may impact markets negatively
Moneycontrol — April 14, 2024, 11:00 AM UTC
Summary: Escalating tensions between Iran and Israel could trigger a Risk-Off mode in markets. Analysts fear panic selling across asset classes. Crude oil prices may surpass $100/barrel due to the conflict. Oil prices have already risen, with Brent topping $92/barrel. A potential closure of the Strait of Hormuz by Iran could disrupt oil outflows and push prices even higher. Market experts predict volatility and advise caution.
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