Israel's recent military strike on Iran has resulted in a notable decline in stock market futures, dropping as much as 2%. Analysts warn that escalating tensions could lead to a broader conflict, reminiscent of the steep market declines seen during the onset of the Ukraine war. Israeli Prime Minister Netanyahu claimed the attack targeted key nuclear scientists and missile programs, signaling a possible protracted conflict with impending Iranian retaliation. Historical market behavior indicates significant dips during military engagements, especially if regional alliances come into play, which could heavily impact global markets.
Futures were down as much as 2% after Israel's massive attack on Iran, causing significant concern about potential wider conflict and its effects on stock markets.
Netanyahu stated, 'We targeted Iran's leading nuclear scientists... The attack could go on for days, and Iran will certainly retaliate,' indicating a prolonged conflict.
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