Oil Surges 14% as Israel Strikes Iran Nuclear Facilities
Key Points
- Israel's airstrikes on Iran's nuclear facilities skyrocketed...
When Israel decided to redecorate Iran's nuclear facilities on June 13th, markets responded faster than a day trader spotting a gap up at 9:30 AM. The airstrikes sent crude oil prices into orbit, with Brent jumping over 14% to $74.79 per barrel and WTI hitting $73.59. Meanwhile, the S&P 500 and Nasdaq took a 1.6% and 1.7% dive respectively, proving once again that geopolitical fireworks make for terrible portfolio parties.
Safe Haven Shopping Spree
The week following the strikes resembled Black Friday for safe-haven assets. Gold prices climbed to near-record highs as investors fled riski...
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