Iran President Raisi death: How it may impact the region including Israel, oil prices, gold, and stock markets

economictimes.indiatimes.com:

Israel, and the wider region, as well as for global markets. Iran's Press TV tweets, «President Raeisi, along with Foreign Minister Hossein Amir-Abdollahian, East Azarbaijan Gov. Malek Rahmati, East Azarbaijan Imam of Friday Prayer Mohammad Ali Ale-Hashem, & several other passengers, has been martyred in a helicopter crash in northwest of Iran.»

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Here's a look at how his death may impact various aspects:

Impact on Oil Prices:

• Market Volatility: The uncertainty surrounding Iran's leadership could lead to volatility in oil markets as investors assess the potential impact on Iran's oil production and exports. Oil prices rose in early Asian trading on Monday following the crash of Raisi's helicopter.
• Supply Disruptions: Any disruptions to Iran's oil production could impact global oil supplies and prices, especially given Iran's status as a major oil producer. However, experts believe that despite the volatility, the oil market remains largely rangebound.

Impact on Gold and Stock Markets:

• Safe Haven Demand: Geopolitical uncertainty often leads to increased demand for safe-haven assets like gold, which could push prices higher. Gold surged to an all-time high following the crash of Raisi's helicopter.
• Market Sentiment: The news of Raisi's death could also impact stock markets as investors react to the potential implications for regional stability and economic policies. However, the market