Israel's airstrikes on major facilities in Iran led to a decline in major indices at the New York Stock Exchange. International oil prices surged.
On the 13th (local time), the Dow Jones Industrial Average opened at 42,465.47, down 1.17% from the previous day. The S&P 500 index opened at 6,002.00, down 0.72% from the day before, while the Nasdaq index opened at 19,525.76, a drop of 0.70% from the previous day.
European stock markets are also showing weakness. The Euro Stoxx 50 index is recording a level 1.3% lower than the previous day. The German DAX index is down 1.12%, the British FTSE index is down 0.20%, and the French CAC 40 index is down 0.97%.
As a result of this airstrike, international oil prices have soared. The price of West Texas Intermediate (WTI) for July delivery is trading at around $73 per barrel, more than 7% higher than the previous day. The August delivery price for Brent crude is also up 7%, recorded at about $74 per barrel.
As demand for safe assets increases, gold prices have risen by over 1%, and the U.S. dollar is showing strength.
Earlier, Israel carried out airstrikes on major targets, including nuclear facilities in Iran. More than 20 Iranian high-ranking commanders have been reported dead. Iran has retaliated using drones. U.S. President Donald Trump said on social media that 'Iran must reach an agreement before it loses everything.'