InvestorQ : What is the latest on the drone attacks by the US on Iran and how could it impact markets?
Dhwani Mehta made post

What is the latest on the drone attacks by the US on Iran and how could it impact markets?

Answer
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Khushi Patel answered.
7 months ago


The US defence forces claimed that they had carried out a drone attack and killed one of the top commanders of the Iranian Revolutionary Guards (IRG) for endangering the security of Americans across the Middle East. The IRG had carried out attacks on American installations and people across Iraq and this drone attack was also carried out on the Iranian embassy in Iraq. Iran TV has also confirmed this development.

The big worry markets have is over retaliation by Iran although the timing of the retaliation and its nature is not clear as of now. Iran controls the gateway to the Strait of Hormuz in the Middle East which moves nearly 30% of the oil cargo from the Middle East. The Indian markets have also come under pressure and this news could have a negative impact on Indian markets as the dependence on imported oil is to the tune of 85% on a daily basis.


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7 months ago


Middle East and it's impact on oil prices is the simple biggest impact that this development will have. It is likely to affect everyone negatively and the markets as well.