Equities across Asia experienced a downturn on Monday following Iran’s launch of rockets at Israel, escalating tensions in the Middle East. Despite concerns of a broader conflict, analysts noted a glimmer of hope as traders speculated on containment of the crisis, which contributed to a decrease in oil prices. Iran defended its actions as a response to an earlier attack, signaling a desire to avoid further escalation. While Israel deemed the attack severe, experts interpreted it as a demonstration of strength without intent for prolonged conflict.
Stocks React to Iran-Israel Tensions, Hopes for Containment Emerge
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