Israel, Iran and India
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Israel's strike on Iran sparked turmoil in financial markets ... Oil spikes The price of crude oil surged as market participants braced for potential supply disruptions in the Middle East.
The benchmark indices rallied on Monday despite the ongoing war between Iran and Israel. Sensex jumped 677 points to 81,796, while the broader Nifty closed 228 points higher at 24,946. Investor wealth rose by Rs 3 lakh crore to Rs 450.18 lakh crore on BSE today against Rs 447.21 lakh crore on Friday.
Israel’s defense minister issued a stark warning to Iran on Saturday, saying that “Tehran will burn” as the two nations traded missile salvos following Israel’s surprise attack on Iran’s nuclear program earlier this week.