Friday 13th in Europe: Explosions in Tehran drive population toward safety
Take a peek into the financial whirlwind of Europe and the world over breakfast on this fated Friday the 13th. We've got explosive news from Tehran, and the entire market's scrambling!
Let's cut to the chase—the morning started with an unexpected bang in Tehran, unlike those tit-for-tat skirmishes last year. Here's the twist, this event appears to be a bold, preemptive strike on Iran's nuclear program by Israel. Nonetheless, the timing and severity were a bolt from the blue for the markets, causing oil prices to skyrocket over 11%, at one point!
Now, the million-dollar question—what's the U.S.'s role in this? Secretary of State Marco Rubio claims they weren't part of the action, while Israel's broadcaster insists they were accounted for before the strikes. As it happens, Trump's special envoy, Steve Witkoff, was supposed to chat with Iran's foreign minister in Oman this Sunday.
All this drama put oil on a path for its sharpest daily surge in over half a decade. Meanwhile, gold and Treasuries surged in Asia, and it seems stock futures are pointing to a rough day for Europe and the US, with a predicted 1.5% drop. Britain's FTSE, though, is only down less than half a percent.
So, it seems the world's economy's favorite pastime is no longer peace, love, and prosperity, but rather guns and ammunition. Be on the lookout for some major European defense contractors like BAE Systems, Dassault Aviation, and Sweden's Saab AB! The calm before the storm might just turn into the storm for these businesses.
To stay updated on today's market-shifting news, sign up for Tariff Watch - our daily news digest that brings you top headlines impacting global trade.
Note: The insights offered are derived from our enrichment data, which provides general trends and patterns related to the article's subject matter. However, the original article does not contain or imply any specific mentions of these insights.
In the midst of global unrest, the Israeli preemptive strike on Iran's nuclear program has sent oil prices surging by over 11%. As the U.S. denies involvement, the world’s economy seems to favor war-and-conflicts over sports, politics, cricket, and general-news, with defense contractors like BAE Systems, Dassault Aviation, and Sweden’s Saab AB potentially experiencing turbulence. Stay informed with Tariff Watch, our daily news digest.
