BlockBeats News, June 23rd, according to Bloomberg, Morgan Stanley strategist Wilson stated that despite the U.S. strike on Iran's nuclear facilities dominating the headlines, sell-offs triggered by geopolitical events usually have a short duration.
Following the U.S. joining Israel in the weekend attack, the market reaction was relatively muted, with Brent crude oil prices briefly spiking by 5.7%, only to give back most of the gains on Monday. However, Iran may respond to the escalated situation by disrupting the navigation of the Strait of Hormuz, a critical global shipping lane for oil and natural gas.
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