Israel, Iran
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Gold prices are fluctuating due to the ongoing Iran-Israel conflict, initially surging before easing on de-escalation hopes. Despite Iran's willingness to negotiate, tensions remain high, influencing market sentiment.
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Fitch Ratings notes that the Israel-Iran conflict raises geopolitical risks but Israel's credit rating can absorb the impact. The conflict is expected to remain contained, and any rise in oil prices may benefit regional producers.
Global investors may be underpricing the impact of a conflict between Israel and Iran, market watchers warned on Monday, as stocks rallied despite escalating warfare in the Middle East. The two regional powers continued trading fire on Monday, marking the fourth consecutive day of fighting since Israel launched airstrikes against Iran last week.
The benchmark indices rallied on Monday despite the ongoing war between Iran and Israel. Sensex jumped 677 points to 81,796, while the broader Nifty closed 228 points higher at 24,946. Investor wealth rose by Rs 3 lakh crore to Rs 450.18 lakh crore on BSE today against Rs 447.21 lakh crore on Friday.
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Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of the Israel–Iranian war.
The Iranian-Israeli conflict's unfolding developments have significant implications for India's trade routes, oil imports, and overall export economy. A government meeting with shipping stakeholders is scheduled to assess the impact,
Crude oil prices spiked over 10 percent on June 13, marking their steepest weekly rise since 2022 as Israel conducted strikes on key Iranian installations.
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ABP News on MSNIran-Israel War May Stoke Inflation And Hit Indian Households; Here's HowThe most visible impact of rising global crude prices will be at fuel pumps across India. With international rates climbing, domestic oil marketing companies are likely to adjust prices
Gold prices in Dubai have surged to near-record highs as tensions escalate between Israel and Iran, driving investors towards safe-haven assets. Check the latest rates and insights into the market impact of geopolitical instability.
US stocks open higher as the Israel-Iran conflict remains contained. Oil prices dip. The Fed is set to meet on rates.