Iran-Israel conflict: TA-35 index crashes 2% as Tel Aviv stocks dive amid fresh flare-up in Middle East tensions
Iran-Israel conflict: Shares on the Tel Aviv stock exchange faced a brutal selloff in trade on Thursday, June 12, as investors chose to book profits amid the latest flare-up between tensions in Israel and Iran.
Media reports suggest that Israel is fully prepared to launch an operation into Iran, which has not just made the markets jittery but also prompted the US to move non-essential embassy staff out of Iraq.
Meanwhile, Iran threatened to strike US bases in the region if talks over its nuclear program fell through.
Iran's Defense Minister Aziz Nasirzadeh said in televised remarks that he hoped the talks reached a resolution. 'But if they don't, and conflict is imposed on us, the other side will undoubtedly suffer greater losses. We will target all US bases in host countries without hesitation,' he said.
The Iranian stock market's TA 35 lost 2.3% over the last close to the day's low of 2,671.
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