Impact of the attack on markets weighing the risk of retaliation after Iran’s attack on Israel

tension in the markets also rises. The price of a barrel of Brent, Europe’s benchmark crude oil, Over the past 24 hours it has exceeded $90.. This is the highest level since October, when conflict broke out in Gaza Strip. Already in the last hours before the attack, there was an increase in the number gold and bond prices

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These are the economic consequences of the conflict, which, according to experts, can directly affect the hydrocarbon market and maritime transport.

Markets have been in a state of anxiety for months now. Since the conflict began seven months ago, oil prices have risen steadily, although subdued. In this new scenario, the situation could worsen in the lead-up to the attack. He Brent price per barrel On Friday, it already exceeded $90 for the first time since October.

An escalation of the conflict will leave Europe in a situation of even greater weakness. The battle could continue here in the Strait of Hormuz, a strategic location for crude oil trading. Almost 17 percent of OPEC countries’ production is concentrated here. This is also the passage of two oil pipelines.

Global energy markets have been under particular strain for months. The next few hours will be key to determine magnitude of immediate impact on the economy

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The stock market fell 2.11%

A second straight week of declines in the Spanish stock market ended with a fall of 2.11%, the most in almost three months, due to the impact of rising US inflation in March on interest rates.

The rise in prices in the US occurred just a day before European Central Bank (ECB) decided to keep rates at 4.5% on Thursday while acknowledging the possibility that he would start cutting them in June, reversing the stock market’s initial run this week.

All this had an impact on the prices of other financial assets and commodities, having a direct impact on the stock markets, allowing them to continue to reap the accumulated benefits, which, in the case of the Spanish stock market, is its main index. Capricorn 35

A little less than a week passed from trying to gain a foothold above 11,000 points to falling below 10,700 points.

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