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Executive Vice President of National Taxpayers Union Brandon Arnold joins 'Fox Business Tonight' to discuss why stocks are sinking ahead of Christmas weekend.

What impact the Israel-Iran war can have on your investment portfolio. Time and again, it has been observed that geopolitical tensions have far-reaching impacts on various asset classes, including equity, currency, crude oil and various other commodity prices. Amid heightened geopolitical risks, people usually realign their portfolios and often turn to perceived safe-haven assets.

If you have invested in any of these savings schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme (SCSS) and National Saving Certificate (NSC), you need to provide two key documents Aadhaar and PAN to the accounts office of the respective financial institution, if not submitted them yet.

Reuters. Even though the Indian market sank today, experts do not see any long-term repercussions of the Middle East conflict on the Indian indices. "The escalation in the potential conflict between Iran & Israel is a serious development and will likely adversely impact oil pricing.

Also Read: Gold rate today: Israel-Iran war continues to fuel gold prices Amidst an overall market downturn, the Nifty Metal index has emerged as a standout performer, representing the only sectoral index trading in positive territory today. At the start of the session, the Nifty Metal index experienced a decline of 2.3%, reaching an intraday low of 8,744 points. However, within the subsequent hours of trading, the index rebounded sharply, currently showing a gain of 0.95% at 9,041 points.

President Biden’s cardinal objective since the outset of the Gaza conflict in October has been to prevent a wider war in the Middle East. On Saturday, he got the escalation he sought to avoid. Iran fired more than 300 drones and missiles, marking the first time that Tehran has directly attacked Israel.

Donald Trump, the main opponent of US President Joe Biden in the upcoming elections due later this year. The slogans grew louder at Schnecksville in Pennsylvania amid the escalation in West Asia conflict after Iranian drones and missiles were launched on Israel. Trump, while addressing the public, said, “They are not wrong.

global maritime industry is set for tougher and more challenging times after Iran ramped up West Asia tensions by launching an unprecedented drone and missile attack on Israel, causing supply chain disruption and increasing the probability of choking shipping routes, experts here have said. Iran's attack on Israel marks a distinct escalation in hostilities by bringing the two nations into direct conflict. Iran and its proxies launched 330 missiles and drones on Israel late on Saturday night in retaliation to an alleged attack by Israel on a diplomatic mission of the Islamic Republic in Damascus on April 1 in which several people, including two top commanders, were killed. There is a concern about the probability of a Persian Gulf shutdown, though many maintain hope of defusing fierce tension in the region, a delegate at the opening of Singapore Maritime Week on Monday, told PTI.

Amid heightened tensions between China and Taiwan, Chinese President Xi Jinping told a former Taiwanese president who supports unification that the countries “belong” together.

Israel and its allies shooting down a fusillade of Iranian missiles and drones this weekend, many began wondering what the latest exchange between Israel and Iran would mean for the war in the Gaza Strip. The Iranian attack was retaliation for what was widely believed to be an Israeli strike this month on an embassy building in Damascus, Syria, that killed seven Iranian officials, including three top commanders in Iran's armed forces. But it occurred against the backdrop of the war in Gaza, where Israel is battling Hamas, a militant group funded and armed by Iran. Israeli military analysts were divided on whether a more direct confrontation with Iran would alter the war in Gaza, now in its sixth month. The next fulcrum in that war could hinge on whether Israel decides to pursue Hamas in the southern city of Rafah, where more than 1 million Palestinians have fled amid a spiraling humanitarian crisis.

Baba Vanga, known for her eerily accurate predictions, has foretold a series of unsettling events for the coming years. Among these predictions is a dire warning about the potential outbreak of World War 3 following escalating tensions in the Middle East. According to Baba Vanga, there will be increased terrorist activities in Europe and hinted at the possibility of a «major country» engaging in biological weapons testing or launching attacks. Currently, the conflict could stem from the Israel-Hamas confrontation, leading to devastating nuclear attacks and widespread destruction.

Supreme Court and high courts penned a letter to the Chief Justice of India, expressing deep concerns over what they perceive as mounting efforts to erode the credibility and independence of the judiciary. In their missive, the retired justices address the «escalating attempts by certain factions to undermine the judiciary through calculated pressure, misinformation, and public disparagement,» highlighting the gravity of the situation at hand. «These critics are motivated by narrow political interests and personal gains and are striving to erode public confidence in the judicial system,» they said. Though the retired judges, including four from the Supreme Court, did not specify the incidents which prompted them to write to the CJI, their letter came amid a war of words between the ruling BJP and opposition parties over the actions against some opposition leaders in corruption cases.

In a dreadful moment for the world, Iran fired hundreds of drones and missiles at Israel on Saturday, although about 99% were claimed to have been intercepted by Israeli and allied forces, with losses kept down by an iron dome to damage of an army base and a child’s injury. Tehran had retaliated against Israel’s strike on its consulate in Syria and its United Nations message was that the “matter can be deemed concluded".

United States on Sunday highlighted its role in helping Israel thwart Iran's aerial attack as President Joe Biden convened leaders of the Group of Seven countries in an effort to prevent a wider regional escalation and coordinate a global rebuke of Tehran. The U.S. assisted Israel in shooting down dozens of drones and missiles fired by Iran on Saturday in what was the first time it had launched a direct military assault on Israel. Israeli authorities said 99% of the inbound weapons were shot down without causing any significant damage.

Iran's attack on Israel is expected to send global crude oil prices higher as war premium gets built in but retail fuel prices in India will likely stay unchanged due to general elections starting later this week, industry executives said. Brent, the international crude benchmark, has sprinted to $90 per barrel from $80 in just about a month on escalating tensions between Iran and Israel. «A war premium may quickly show up in oil prices in the paper market. Heightened tension in oil supply zone or main oil transit zones may also cause increases in crude oil transport and insurance costs,» said Mukesh Surana, CEO of Ratnagiri Refinery & Petrochemicals Ltd. In oil industry parlance, paper market refers to a financial marketplace where future oil delivery contracts are traded. «If the situation escalates further to the extent that it starts impacting physical supplies through the Strait of Hormuz, it will impact the global supply situation and can have a sharper impact on prices in the short term,» said Surana, formerly chairman of HPCL.

India faced a tightrope walk as Iran launched a direct attack on Israel for the first time, responding to an Israeli strike on the Iranian consulate in Damascus earlier this month. If the war escalates and spreads across West Asia, it might impact India's critical interests in the energy sector as well as its diaspora numbering about 10 million in the Gulf region, said people with knowledge of the matter. Any possible evacuation of diaspora in case of a wider conflict would also be a mammoth task, they said.

Civil War " didn’t only ignite the discourse. The film also inspired audiences to go to the cinemas this weekend where it surpassed expectations and earned $25.7 million in ticket sales in North America, according to studio estimates Sunday. It’s the biggest R-rated opening of the year to date and a record for A24, the studio behind films like “Everything Everywhere All At Once" and “The Iron Claw." “Civil War" also unseated “ Godzilla x Kong " from its perch atop the box office.

Joe Biden a familiar dilemma, but on steroids — how to balance support for a difficult ally while preventing the nightmare scenario of a wider war? Tensions with Benjamin Netanyahu over Israel's war on Gaza were papered over as the US president offered «ironclad» support, including shooting down Iranian drones. But the White House has made it clear it does not want further escalation following Iran's unprecedented assault and will not support an Israeli counterattack that could trigger a full-blown regional conflict.

Mint looks at the implications for the rest of the world, including India. In a departure from its long-term policy, Iran attacked Israel directly late on Saturday taking tensions in the region to a new high. The attack was in response to the bombing of Iran’s Consulate in Damascus on 1 April, ostensibly by Israel, that killed senior Iranian military commanders.

Israel decided to carry out a retailtory attack on Tehran on Sunday morning, however it was cancelled after a phone call took place between US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu to discuss the situation. After Israel successfully intercepted Iranian missiles and drones, the Biden administration cautioned Tel Aviv to avoid escalation in the Middle East, The Jerusalem Post reported citing NYT. More than 300 drones and missiles were intercepted by Israel, which US officials called a major strategic win while advising that further retailition is not required.