This archive report was first published on 9 January 2020.
On January 8, 2020, global markets witnessed a significant shift in response to Iran's retaliatory missile strikes against US bases in Iraq. The strikes were a direct response to the killing of Iranian General Qasem Soleimani.
As a result, oil prices surged, with Brent crude futures increasing by over $3 per barrel in London. The benchmark for international oils experienced a notable spike, reflecting the heightened tensions in the region.
Meanwhile, stock markets in major European cities, including London and Frankfurt, opened lower, while Tokyo's benchmark fell by nearly two percent before recovering some of its losses.
As the situation continues to unfold, investors and market analysts remain cautious, closely monitoring developments in the region for any potential impact on global markets.
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