Tensions in the Middle East just exploded. Iran has launched a missile strike on Israel, prompting U.S. President Joe Biden and VP Kamala Harris to huddle with national security officials at the White House. The U.S. is now assessing its role in defending Israel.
Why It Matters:
This escalation comes right after Israel's ground offensive against Hezbollah in southern Lebanon, marking a significant uptick in regional conflict.
Immediate Fallout:
The markets are already reacting:
- Dow Jones plummeted over 250 points
- Crude oil prices spiked as concerns grow over disruptions in the oil-rich Middle East
The ripple effect on global markets could be severe, especially in energy, commodities, and broader economic stability. Expect ongoing uncertainty as the situation develops.
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