Iranian President's Death Sparks Global Concerns Over Oil, Gold, And Stock Markets

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Iran's President Ebrahim Raisi, along with the country's Foreign Minister Hossein Amirabdollahian and several other officials, have been tragically killed in a helicopter crash in the mountainous East Azerbaijan province.

Supreme Leader Ayatollah Ali Khamenei has announced that First Vice President Mohammad Mokhber will step in as interim president.

As reported by multiple outlets, the untimely demise of President Raisi is poised to have far-reaching implications for Iran, Israel, and the broader region.

Moreover, it is sending shockwaves through global markets, with concerns over potential disruptions to oil production and exports.

The oil market has already seen a surge in prices during Asian trading hours following news of the crash.

Investors are closely monitoring the situation for any signs of supply disruptions, which could significantly impact global oil supplies and prices.

Furthermore, geopolitical instability can cause more people to want safe investments like gold.

As a result, gold prices have skyrocketed to record highs and following the death of Iranian president gold has surged to an all-time high.

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