War situation in Middle East, Chances of market crash

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Reason behind possible Market Crash.

Fears of a wider conflict in the Middle East have led several countries to urge their citizens to leave Lebanon.

Iran has promised “severe” retaliation against Israel, which it holds accountable for Ismail Haniyeh’s death in Tehran on Wednesday. Israel has not offered any statement.

His murder occurred in Beirut, hours after Israel assassinated senior Hezbollah commander Fuad Shukr. Western officials worry that any such retaliation might be heavily influenced by Hezbollah, a political movement and militia with Iranian backing that is based in Lebanon, which might lead to a severe Israeli response.

The US and other Western nations are still attempting to defuse tensions in the region through diplomacy.

At Beirut, the only commercial airport in the nation, an increasing number of flights have been canceled or suspended. A number of nations, including the US, UK, Australia, Sweden, France, Italy, Canada, South Korea, Saudi Arabia, and Jordan, have asked their citizens to evacuate Lebanon as soon as possible.

The greatest level of concern has been raised since Hezbollah began attacking Israel on October 7, the day after Hamas’s deadly attacks on southern Israel, in an effort to support the Palestinians in Gaza.

With both sides expressing no interest in a larger confrontation, the majority of the violence has been restricted to border regions. Hezbollah, on the other hand, has promised to react to Shukr’s killing, which took place in Dahiyeh, the group’s stronghold in the southern suburbs of Beirut.

Around 00:25 local time (21:25 GMT on Saturday), Hezbollah fired dozens of rockets at the northern Israeli town of Beit Hillel on Sunday.

Social media footage revealed the rockets being intercepted by Israel’s Iron Dome air defense system. No casualties have been reported. In retaliation, Israeli air power attacked targets in southern Lebanon.

A stabbing attack in the Israeli city of Holon on Sunday morning claimed the lives of two people. Police claimed that the attacker was later “neutralized.

At least five people were killed on Sunday, according to representatives of the Gaza Ministry of Health, which is controlled by Hamas. The attack occurred inside a hospital and involved a tent. According to the officials, 19 Palestinians lost their lives on Sunday.

This may cause a Market Crash in this week. Because the situation is getting serious only.

Read more: Top 10 Best Stocks to Buy in August 2024

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