Tension between Israel and Iran shakes markets – El Sol de México

After the explosions in Iran generated after Israel threatened to respond to a recent attack by the Islamic republic, world markets were affected.

On Saturday, Iran attacked Israeli territory with more than 300 ballistic and cruise missiles, as well as drones, although Israeli air defense forces repelled most of them.

Iranian officials said the move was a response to an earlier deadly attack on its consulate in Damascus, which Tehran blames on Israel.

Exchange rate exceeds 18 pesos per dollar due to attacks on Iran

The exchange rate exceeded 18 pesos per dollar on Thursday night, after alleged air missile attacks from Israel on Iran.

At 8:40 p.m., the Mexican currency is trading at 17.56 pesos per dollar, a depreciation of almost 2.8 percent compared to the close of the day. However, minutes before, the national currency rose to 18.13 units per greenback.

Meanwhile, international oil prices rose more than four percent on news of the attack.

According to the Investing.com platform, Brent rose 4.09 percent, while WTI appreciated 4.13 percent, to sell at around $90 per barrel each.

According to CIBanco, although the information is preliminary, Israel’s attacks on Iran impacted the price of the Mexican peso, leading it to depreciate towards 17.80 pesos per dollar, but it could reach up to 18.20 per unit.

Oil prices rise in the Asian market

Oil prices rose more than three percent in the first hours of the Asian market after reports of explosions in Iran that raised fears of an escalation of the crisis in the Middle East.

The price of a barrel of West Texas Intermediate oil rose 3.66 percent to $85.76, and a barrel of North Sea Brent rose 3.44 percent to $90.11.

The price rally comes after reports of explosions in Iran emerged after Israel threatened to respond to a recent attack by the Islamic Republic.

The main index of the Tokyo Stock Exchange, the Nikkei, plummeted 3.31 percent in the mid-session break this Friday, dragged down by the semiconductor sector and reports of several explosions in Iranian territory.

At the mid-session break, the Nikkei, which groups the 225 most representative titles in the market, fell 1,260.89 points and stood at 36,818.81 points, after falling up to 3.53 percent.

The Nikkei’s decline accelerated rapidly as it approached half-time, after several media outlets, including Iranian state television, reported “strong explosions” of unknown origin in the center of the country, amid tensions over possible retaliation. from Israel to Iran.

With information from EFE and AFP.

2024-04-19 04:13:18
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