When an event as serious as the helicopter crash that resulted in the death of Iran's President and Foreign Minister occurs, it can have a significant impact on global financial markets, including the electronic money.
1. Rising volatility and political risks#
The loss of a country's key leaders can create significant political instability. Iran, as one of the important influential countries in the Middle East, can cause great concerns globally:
Heightened Uncertainty: Investors may become nervous about Iran's economic and political situation, leading to increased market volatility. Geopolitical risks: Iran holds a strategic location and important oil resources. Instability in Iran could impact global oil supplies, leading to increased oil prices and putting pressure on the global economy.