Jin10 data reported on June 22 that investors believe the US attack on Iranian nuclear facilities on Saturday could lead to an instinctive reaction in global markets when they reopen, pushing oil prices higher and triggering a flight to safety. They are assessing how the latest escalation of tensions will have a ripple effect on the global economy. Mark Spindel, CEO of Potomac River Capital, stated, “I think the market will initially feel panic, and I believe oil prices will rise at the opening. I think this uncertainty will overshadow the market, as Americans everywhere will face risks now. This will increase uncertainty and Fluctuation, especially in the oil market.” However, Spindel noted that there is time to digest this news before the market opens.
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