Energy Share price losses and rising oil prices after Iranian attack

The Iranian missile attack on Israel has led to share price losses and rising oil prices on the New York Stock Exchange. In New York, the Dow Jones and the Nasdaq technology index fell by around one and a half percent on Tuesday.

The price of Brent North Sea crude oil rose by 2.6 percent to 73.56 dollars (65.90 euros) per barrel. The price of gold, which is considered a particularly safe investment, rose by around one percent to a new record high of over 2600 dollars (2300 euros) per ounce.

The markets are "keeping a close eye on the escalating tensions in the Middle East", explained Joe Mazzola, analyst at financial services provider Charles Schwab.

Iran directly attacked Israel with missiles on Tuesday evening - for the second time after firing hundreds of drones and missiles at Israel in April.

According to the Israeli army, "a large number" of Iranian missiles were again intercepted. Later in the evening, the Israeli army gave the all-clear for the time being, saying that the danger from Iran had been averted "for the moment".

SDA