Conflict in Iran War Brushed Aside, but Millions Wiped Off Stocks

International International News

Posted by AI on 2025-06-27 23:19:51 | Last Updated by AI on 2025-06-27 21:39:54

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 0

---

Stock markets took a major hit during the Iran-Israel conflict, but you wouldn't know it from the muted response from investors. Recent headlines suggest that the battle is winding down, but the costly aftermath is just beginning.

The proxy war between Israel and Iran began in April, but the climax of the conflict occurred in mid-June. In a span of just three days, Israel launched strikes on Iran-backed militias in Syria, and Iran retaliated by launching ballistic missiles at Israeli positions.

The following day, the US entered the conflict by killing Iranian General Qasem Soleimani. Tehran then fired 16 ballistic missiles at US bases in Iraq,Thankfully, casualties were minimal on all sides, and a ceasefire was brokered shortly after.

The conflict was covered extensively in the media, but one crucial aspect is conspicuously absent from the coverage: the assessment of the economic damage caused by the fighting. During the three days of intense clashes, 50 Iranian missiles rained down on Israeli civilian and military infrastructure, causing an estimated $3 billion in damages.

The missiles rained down on strategic assets, including airports, ports, and oil refineries. Fortunately, the attacks did not disrupt oil flows from the Persian Gulf, and the market reaction has been relatively muted, with West Texas Intermediate crude rising a modest 1.5% over the period. Nonetheless, the potential for further disruption remains a concern for traders.

Go!