Oil and gold prices rose sharply following reports of a possible Iranian missile attack on Israel. This is proven by trade data.
The price of December futures contracts of Brent oil on the London ICE exchange increased by 2.84% to $73.74 per barrel. At the same time, the price of December gold futures on the Chicago Mercantile Exchange (CME) increased by 1.24% to $2,692.4 per ounce.
According to the television channel, “The United States has information that Iran is preparing an attack against Israel using ballistic missiles in the near future.” CNBC Referring to representatives of the US presidential administration.
Tensions in the Middle East rose sharply last week after Israel launched a series of airstrikes against positions of the Iran-backed Hezbollah group.
“If Iran attacks and causes damage, the escalation cycle could quickly intensify, leading to persistent or even increased geopolitical risk,” Rapidan Energy president Bob McNally said in a statement.
Before this, the Israeli IDF had not yet sees Signs that Iran is preparing to attack Israel.
Previously to Russia poured into Tourists from Iran.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.