One Month of Conflict with Iran Sends Global Markets Tumbling
Tensions in the region intensified following the joint US-Israeli strike on February 28, prompting retaliatory actions by Iran targeting energy infrastructure across the Gulf.
These developments sparked widespread uncertainty in global markets, heightened inflation concerns, and caused sharp swings in commodity prices.
Oil prices surged by roughly 45%, while gold saw a decline of about 15%, according to market analyses.
The Bloomberg World Exchange Market Capitalization index, which tracks dozens of stock markets globally, dropped from $157.5 trillion to $146 trillion over the month, marking an $11.5 trillion loss.
The S&P 500, reflecting the bulk of US-listed companies, lost more than $5 trillion in March alone.
Overall, major stock indexes experienced steep declines, with average drops around 10% during the period, as stated by reports.
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