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Iran attack on US forces sparks market downturn.

23.06.2025 21:20

Following reports of an Iranian attack on US forces, the Dow Jones Industrial Average and other key market indexes experienced a significant retreat from their initial Monday morning gains. The news of escalating tensions in the Middle East triggered this market downturn.

Early reports indicated an Iranian missile strike targeting the Al-Asad Airbase, a facility jointly operated by the US and Iraqi air forces. This aggressive action is widely seen as retaliation for President Trump's weekend order of targeted missile strikes against Iranian nuclear sites, a decision made without congressional authorization.

This decisive move by the Trump administration represents a stark contrast to his past campaign pledges to avoid further US military involvement in foreign conflicts, a point heavily emphasized by numerous political analysts. Adding to the escalating situation, Axios, citing Israeli intelligence sources, reported a wider Iranian missile barrage targeting US bases in both Qatar and Iraq. This information was corroborated by Tasnim News Agency, an outlet directly linked to Iran's powerful Islamic Revolutionary Guard Corps (IRGC). The increased uncertainty fueled by these events significantly impacted investor confidence.

The confluence of these events – the Iranian attacks, the Trump administration’s response, and the lack of congressional approval – created a climate of volatility and uncertainty, prompting investors to withdraw from the market. This rapid shift in market sentiment underlines the deep sensitivity of global financial markets to geopolitical instability in the Middle East. Information from internet sources contributed to this market analysis.