Market Reaction
The first trading day after the strikes saw severe volatility across global markets:
- Dow Jones fell over 400 points
- Oil prices surged above $110/barrel
- Defense stocks (Lockheed Martin, Raytheon, Northrop Grumman) rose sharply
- Airlines and consumer stocks fell on inflation fears
- Gold surged as investors sought safe-haven assets
Broader Economic Impact
The market reaction reflected fears of prolonged disruption to global oil supply, higher inflation, and potential recession.
Sources: CNN Business, CNBC