Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria.
.
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza.
.
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza.
.
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
A shocking escalation in the Middle East: After a ballistic missile fired by Yemenâs Houthi rebels landed just 75 meters from Israelâs Ben Gurion Airport, U.S. President Donald Trump issued a fiery statement blaming Iran directly. Trump warned that any future Houthi attacks would be treated as Iranian acts of war, promising âgreat forceâ in response. Meanwhile, Israeli Prime Minister Benjamin Netanyahu announced that Israel will strike back â not just once, but with major retaliation. With both Washington and Tel Aviv pointing fingers at Tehran, fears of a broader regional war are rising. This video breaks down Trumpâs explosive post, Netanyahuâs vow of âbig hits,â and what Israelâs military is preparing next.
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Panic erupted at Israelâs Ben Gurion Airport as a Houthi missile struck near the main terminal access road. Security footage captured civilians fleeing in terror as the explosion injured at least three and halted all air traffic. Airport authorities suspended takeoffs and landings while defense forces scrambled to secure the site. Netanyahu called an emergency meeting after the Iron Dome failed to intercept the missile. Foreign airlines began suspending service to Israel as fear of further strikes grew. The attack signals a new phase in the regional conflict, directly threatening civilian infrastructure.
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Credit: euronews (in English) Duration: 01:06Published
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