After Israel's military strikes against targets in Iran, oil and gold prices have experienced significant increases, while global stock markets reacted negatively. Brent crude rose over 7% to surpass $75 per barrel. The aviation sector was also impacted, with airlines avoiding the region's airspace. Major UK companies such as IAG and easyJet saw declines in their stock prices, in contrast to gains by weapons manufacturers like BAE Systems and oil giants BP and Shell. Overall, the geopolitical tension exacerbates existing uncertainties in the market, affecting both investor sentiment and stock performance across global indices.
"The price of oil and gold has soared and stock markets have fallen after Israel's strikes against targets in Iran, reflecting tensions in the Middle East."
"Brent crude surged by more than 7% after news of the attacks broke, briefly moving above $75 a barrel to its highest level since April."
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