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Rupee, stocks slip, crude soars as Israel strikes Iran
Business Standard
|June 14, 2025
Ships transiting Strait of Hormuz, a vital oil artery, put on alert
Oil prices spiked, the rupee weakened, and equity markets fell sharply on Friday following Israeli strikes across Iran that targeted nuclear facilities and killed top Iranian military commanders. The escalation, among the most serious in years, has raised fears of a broader regional war in West Asia.
Though the Israeli military said Tehran responded by launching over 100 drones, Iranian state media denied the claim, even as Supreme Leader Ayatollah Ali Khamenei warned of "severe punishment". These developments triggered risk-off bets as investors feared heightened inflation and weighed the implications for the already fragile global economic outlook.
Dit verhaal komt uit de June 14, 2025-editie van Business Standard.
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