On Saturday and Sunday, Israel was attacked by hundreds of drones and missiles from Iran, causing significant damage to the Israeli armed forces. Despite this, direct economic damage appears to be relatively small. However, experts believe that the attack may impact international trade and the economy, particularly the price of oil.
Israeli officials have confirmed that some damage occurred, but there is limited information on material and personal damage so far. The White House announced that the US assisted Israel in repelling most of the drones and missiles in the attack.
The attack has already had repercussions in the stock market, with the S&P500 index falling on Friday and the Vix index rising significantly. Experts like Lippo Suominen from S-bank suggest that certain industries like energy and defense could benefit from the rise in oil prices. However, concerns about potential escalation of war could lead to increased uncertainty and volatility.
Bitcoin experienced price fluctuations following the attack as investors consider potential risks associated with geopolitical instability. Some experts believe that investors were prepared for the attack, while others fear a potential escalation of war between Iran and Israel.
The level of escalation and Israel’s response will play a crucial role in determining the market’s future. Avoiding further escalation could provide relief to markets worldwide, while any significant military actions could lead to increased uncertainty and volatility in financial markets around
