The conflict between Iran, the United States, and Israel continues to shake global financial markets. A sharp rise in oil prices, a rush to buy gold, and nervousness on European stock markets are evidence of this climate of uncertainty, which could well continue.
This morning in Paris, the CAC 40 index fell by around 0.7% at the opening to around 8,111 points, reaching its lowest level in over a month, penalizing banks such as BNP Paribas, Crédit Agricole, and Société Générale, which fell by up to 1.6%.
In Frankfurt, the DAX fell by around 0.5%, while the FTSE 100 in London dropped by nearly 0.3%.
Oil prices soar
The main shock is on the energy market, where oil prices continue to rise, fueled by supply disruptions in the Persian Gulf. Brent crude rose by around 2.9% to $83.75 per barrel, and US WTI rose by 3.2% to $77.08, marking a fifth consecutive session of gains.
The consequences of the blockade of the Strait of Hormuz, through which nearly one-fifth of the world’s oil passes, are already beginning to be felt on the energy markets. European diesel contracts reached a 17-month high of $1,130, while some producers, such as Iraq, have reduced their output by around 1.5 million barrels per day.
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