The conflict between Israel and Iran has escalated with recent missile attacks and announcements of renewed military operations from both sides.
Impact of Conflict on Civilians
A missile strike on a building in Be'er Sheva resulted in three civilian deaths. Israeli Defense Minister Israel Katz confirmed this was a response to violations of a ceasefire announced by U.S. President Donald Trump.
Economic Consequences for Global Markets
Despite the resurgence of violence, global markets reacted positively. The Stoxx Europe Travel and Leisure Index jumped by 4%. In Asia, Japan's Nikkei 225 gained 1.17%, and South Korea's Kospi increased by 2.71%. U.S. markets also showed positive dynamics with the Dow Jones rising by 374.96 points.
Currency and Crypto Fluctuations
Currency markets reacted to falling oil prices, resulting in gains for the yen and euro. The crypto market also responded to the news with Bitcoin rising by 2% and Ether by 3.2%. Similarly, oil prices fell to their lowest levels seen since early June.
The escalation of conflict in the region has had a notable impact on both civilian populations and global financial markets. Investors continue to watch for further developments.
