According to the information, the Dow Jones index fell by more than 1000 points. European and Asian markets were particularly hard hit, as they are more dependent on oil and gas supplies from the region than the United States.
Brent crude oil prices temporarily reached above $85 per barrel for the first time since mid-2024. At the same time, the cost of natural gas in Europe increased by nearly 40% in response to threats from the Islamic Revolutionary Guard Corps to close the Strait of Hormuz.
Growing concerns about a new wave of inflation contributed to the rise in the yield of 10-year U.S. Treasury bonds to 4.1%.
Military actions by Israel and the U.S. against Iran began on February 28, when numerous air and missile strikes were launched against various cities and military targets. In response, Tehran attacked Israel and U.S. bases in several Middle Eastern countries. In the first hours of the conflict, several high-profile Iranian officials and military personnel were killed. Following the start of the attacks, U.S. President Donald Trump announced the beginning of a military operation called "Epic Fury" via a video address.
As a result of the escalation of the conflict, Iran's Supreme Leader Ayatollah Ali Khamenei was killed, along with about ten high-ranking Iranian officials. The new Supreme Leader of Iran became the son of the slain Ayatollah Mojtaba Khamenei.
Tensions in the region continue to persist.
