Summary
Oil prices soared above $100 per barrel after Iran named a new supreme leader and launched strikes against Israel. These actions caused global market disruptions, including a significant drop in Japan's Nikkei 225 index. President Donald Trump stated that the U.S. was not responsible for a separate attack on a girls' school and predicted oil prices would drop soon.
Key Facts
- Oil prices exceeded $100 a barrel on Monday.
- Iran launched attacks on Israel after Mojtaba Khamenei became the supreme leader.
- Tokyo's Nikkei 225 index fell by up to 7%.
- Iran's strike on Israel was the first since the leadership change.
- A U.S. service member died after recent attacks, reported by the Pentagon.
- A drone attack in Bahrain injured 32 people, according to their Health Ministry.
- President Trump said the U.S. was not involved in a deadly attack on a girls' school.
- Trump suggested that oil prices would decrease quickly.
