Iran President’s Death: Effects on Oil Prices, Gold Prices, and Global Stock Markets

Iran President Ebrahim Raisi Death

Iran President’s Death: Ebrahim Raisi's sudden death has created ups and downs in the price of gold and crude oil, as well as in the stock markets.

Ebrahim Raisi, the president of Iran died in a sudden helicopter crash in the Dizmar forest area of East Azerbaija. The reports from the media also confirmed the death of Amirabdollahian, a former Iran’s president.

However, the helicopter hasn’t been found yet because of the heavy foggy weather and rain making it very difficult for the search team to operate the search.

However, the sudden death of Iran’s President has created a commotion in the Middle East and also among investors as the prices of gold, crude oil, and stocks have risen.

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How Ebrahim Raisi's Death has affected the Gold And Crude Oil Prices?

Iran’s President Ebrahim Raisi's death is a matter of Geopolitical factors that significantly influence the price of gold and Crude oil.

According to News18, Gold price on Monday increased up to 1 percent to $2,438.44 per ounce and has also affected U.S. gold futures which rose 1.1% to $2,442.60.

Silver also reported a price increase which was higher in the last 11 years.

Iran is one of the major oil-producing countries thus the death of the president could surely affect the price.

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Even so, experts say that the oil market might stay stable because of the current supply levels.

However, Brent crude oil price jumped to $84.43, which was its best level since May 10, also fluctuation has been seen in the West Texas Intermediate (WTI).

Can Stock Market Get Affected By Iran President's Death?

However, the chances of Ebrahim Raisi's death affecting the Stock market are much less but due to the shift in Iran’s stability and policies, it might cause some fluctuation in the price of the World stocks.

As per the reports, the European stocks reported a slight increase in prices on Monday.

However, to keep its powerful position, Mohammad Mokhber was appointed as the acting president. of Iran, who was also Iran's first vice president before.

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