Middle East|The attack pushed stock prices down in New York.
The central ones the prices of oil grades rose by one and a half percent after Iran’s missile attack on Israel.
U.S. WTI crude oil settled at $70.98 a barrel early Wednesday after rising 1.7 percent. At the same time, the North Sea’s Brent quality paid $74.63 a barrel after rising 1.5 percent.
After the missile strike started, prices jumped to a rise of more than five percent, but as the situation progressed, prices fell.
Iran’s the missile attack raised concerns that the conflict in the Middle East could escalate into a full-scale war, disrupting international oil shipments. However, the market did not believe in the expansion of the conflict.
“The burning question is whether the Iranian missile attack is a one-time strike or the start of something much bigger. Most estimates lean towards the first option, especially when the US supports Israel,” the market analyst Stephen Innes wrote in his newsletter.
The Iranian missile attack also raised the price of gold, considered a so-called safe haven for investors.
The missile attack, on the other hand, weighed down share prices. In New York, the main indexes describing price developments fell, the Nasdaq index by more than one percent.
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