Stock Market Today: Stocks lower as Israel strike on Iran rattles markets [Yahoo! Finance]
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Source: Yahoo! Finance
rallied, following reports of an Israeli missile strike on Iran that rattled global markets and accelerated the region's simmering military tensions. Israel's limited attack, however, appears to have targeted military installations south of Tehran and is unlikely, at least for the moment, to trigger a response from the Iranian government. Officials on both sides, in fact, played-down the strikes, with Israel not claiming formal responsibility and Iran dismissing them as a failed effort by "infiltrators" that caused limited damage. The muted tone eased global market tensions, which initially saw oil prices surge more past the $90 per barrel market before retreating to around $87.02 per barrel heading into the New York trading session. "The attack, but also the reaction across markets, shows that geopolitical risks are real and should be taken seriously by all investors," Saxo Bank strategists wrote. "A further escalation between Israel and Iran could push energy prices higher a
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