Iranian President Raisi dies in helicopter crash, causing gold and oil prices to rise

From CNN-News18: 2024-05-20 12:48:52

Iranian President Ebrahim Raisi dies in a helicopter crash, impacting gold and crude oil prices. Gold hits all-time high at $2,449.89 per ounce, up 1% post-crash. Crude oil rises 0.5% to $84.39 per barrel on Monday. Raisi’s death triggers political uncertainty in the Middle East, affecting global markets.

Political uncertainty in the Middle East spurs volatility in stock markets. Despite Raisi’s death, world stocks advance, Dow Jones hits 40,000. European markets rise, with FTSE 100 gaining 0.3%. Saudi Crown Prince delays Japan visit due to King Salman’s health issue, adds to market uncertainty.

Ayatollah Ali Khamenei appoints Mohammad Mokhber as Iran’s interim President after Raisi’s death. Raisi, Iran’s Foreign Minister, and officials killed in helicopter crash. Crash cause unknown, occurred in mountainous Iran’s East Azerbaijan province. Gold prices surge to record high, while oil prices also increase amid regional uncertainty.



Read more at CNN-News18: Iran President Dies: How Will It Impact Oil Prices, Gold Rates, Stock Markets Across the World?