The attack of Israel on Iran caused panic in the global markets. The bomb attacks of Friday 13 June against the Natanz -core plant led to a chain reaction: the Oil is splashed up to the maximum of the year, The international bags have collapsed and the gold became new historical records. Investors worry is the risk that The Escalation in the Middle East compromises energy supplies from a region that continues to produce A third of the world oil. But the crisis goes beyond the energy sector: The most important financial squares They experience one of the most unstable days of the year.
The Domino effect on energy markets
The first economic consequence of the military escalation was seen on the oil markets, where The price of crude oil rose by 9% of more than $ 75 per barrel. It is More increase Strong in one day from 2022When the prices were splashed after the Russian invasion of Ukraine. The Golf was immediately and concerned all the most important world markets, from American crude oil to Brent Europeo.
The most important fear of investors concerns one Possible closure of the Hormuz streetA fundamental maritime passage, which passes a fifth of all oil that passes over the world. As Iran, this corridor decides to block in retribution, According to the experts of the JPMorgan Bank Prices can splash up to $ 120 per barrel. However, the same analysts underline that This scenario remains unlikely, Because the street is never closed in modern history despite countless threats. However, the consequences of the escalation are not limited to oil. Natural gas is also in danger of being involvedGiven that Qatar, one of the most important world exporters of liquid gas, is dependent on the same street of Hormuz to send its products to Europe and Asia.
But the consequences of Israel’s attack on the wider care of Iran The Domino effect on the global economy. China, the second world economy, acquires approximately 1.5 million barrels of oil per day at reduced prices from Iran. If these supplies were interrupted, Beijing would be forced to buy oil more expensive from other suppliers. This would translate into higher production costs for Chinese factories, which in turn could Increase the prices of the products that export All over the world.
The collapse of the bags and the race to safe investments
When the alarm took place on the energy markets, the world bags responded with strong sales. In Wall Street, the Dow Jones index has lost more than 500 points In the first hours of negotiation you also drag the other most important indicators of the American stock exchange. THE Titles of technological companiesWho had pierced the growth of the markets in recent months, were among the most struck by the sale. Fear has quickly spread in other bags of the world. In Asia, Tokyo closed with a decrease of 0.89%, Soul lost 0.87%and Hong Kong stopped a loss of 0.59%. Chinese bags also accused the blowWhile all the most important financial squares are strongly opened in Europe. This phenomenon is typical when investors fear Geopolitical crisis can damage the world economy.
Confronted with uncertainty, many investors have moved their money to what is mentioned in the financial world “Refuge goods”That is, investments that are considered safer during the crisis. Shealways considered a safe haven in difficult times, has reached new historical records. Some historically stable currencies, such as the Swiss Frank and the Japanese yen, have also been strengthened. Japanese government bonds have seen the question increaseA sign that investors buy them as a form of protection. CryptocurrenciesOn the other hand, they showed their most risky has lost more than 3% of its value, behave more like a speculative investment than as a protection against volatility.
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