24.06.2025 09:19
Global markets experienced a dramatic upswing on Tuesday, following Israel's swift military response to what it claimed was a ceasefire violation by Iran. This decisive action was triggered by a missile attack on Be'er Sheba, a southern Israeli city, resulting in the tragic deaths of three civilians. The incident involved four consecutive volleys of missiles launched shortly after a ceasefire agreement, brokered by US President Donald Trump, was announced.
Israel's Defense Minister, Israel Katz, immediately ordered intensified military operations targeting Iranian assets and infrastructure in Tehran, citing the missile strikes as a blatant breach of the ceasefire. Conversely, Iranian authorities, specifically the student-run news agency ISNA, vehemently denied any missile launches after the truce was declared. However, the undeniable evidence of damage in Be'er Sheba and the confirmed civilian casualties strongly contradicted this denial. Minister Katz specifically attributed the violation to a disregard of the agreement announced by the US President.
Prime Minister Benjamin Netanyahu voiced his unwavering support for the military action, asserting that Israel's prior airstrikes on June 13th had already achieved their intended goals: crippling Iran's nuclear program and missile capabilities. He further expressed gratitude to President Trump and the United States for their steadfast support in defense efforts and their role in countering the Iranian nuclear threat. This escalation, surprisingly, did not lead to a market crash.
Instead of collapsing, global markets soared. Reports from Reuters highlighted a remarkable 4% surge in the Stoxx Europe Travel and Leisure Index early in the trading day. Leading this optimistic trend were prominent players in the leisure and airline sectors, with EasyJet experiencing a 6.5% increase, InterContinental Hotels climbing 3.3%, and Carnival rising by 5.9%. This surge in optimism wasn't limited to Europe alone; it represented a widespread global reaction to the news. The unexpected market response suggests a complex interplay of factors beyond the immediate geopolitical tensions.
