💨 Abstract

Israel's attack on Iran's nuclear sites, killing its top generals, led to immediate global economic effects. Oil prices spiked to $100 due to supply concerns, while other sectors declined. The situation threatens U.S. President Trump's economic plans due to potential increases in interest rates and inflation. Analyst Franco Tealdy predicts limited escalation, as Iran’s response seems contained. Meanwhile, markets anticipate a U.S.-China trade agreement despite no official confirmation.

Courtesy: WTOP Staff