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Iran Embassy Attacks Rock Middle East Markets

Wall Street Journal Markets •
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Iranian forces launched attacks on U.S. embassies across the Middle East, escalating regional tensions. The strikes targeted diplomatic facilities in multiple countries, prompting emergency security responses. U.S. officials condemned the attacks as violations of international law and threats to diplomatic immunity.

The embassy assaults follow weeks of heightened rhetoric between Tehran and Washington. Iranian state media claimed the strikes were retaliation for unspecified provocations, though U.S. sources denied any recent incidents. The attacks have raised fears of broader military confrontation in an already volatile region.

Oil prices spiked on the news, with Brent crude jumping over 3% in early trading. Regional markets also reacted negatively, with major stock exchanges in Dubai and Riyadh posting significant losses. The developments add to investor uncertainty amid ongoing geopolitical risks.