Iranian ulama looking at ballistic missiles on display ahead of a military exercise in 2011. – EPA pic, January 8, 2020.
OIL prices spiked and Tokyo stocks plunged today as investors took fright at escalating tensions between the United States and Iran after Tehran launched missile attacks on US forces in Iraq. As news broke of a missile attack against two airbases in Iraq housing US and coalition forces, the benchmark Nikkei 225 index dropped nearly 2.5%, with the broader Topix index off more than two percent.
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