Iran’s foreign minister, president Ebrahim Raisi, and a number of other officials were discovered dead in the northwest of the country, according to state television. The helicopter crash occurred many hours earlier. Ebrahim Raisi passed away suddenly, and Prime Minister Narendra Modi expressed his profound sadness and praised his important contribution to improving India-Iran relations by adding, “Deeply saddened and shocked by the tragic demise of Dr. Seyed Ebrahim Raisi, president of the Islamic Republic of Iran. His contribution to strengthening India-Iran bilateral relationship will always be remembered. My heartfelt condolences to his family and the people of Iran. India stands with Iran in this time of sorrow.”
Vice President Muhammad Mokhber will assume the role of acting president in the absence of the Supreme Leader of Iran, Ayatollah Ali Khamenei announced.
The death of Ebrahim Raisi could have a significant impact on Israel, Iran, and the surrounding area. Global markets, gold prices, and oil prices might all be impacted.
Potential effects of the passing of Ebrahim Raisi on stock markets
Oil market volatility may result from uncertainty in Iran as investors evaluate how the death of the country’s president will affect oil exports and production. In Asian trading, oil prices increased in the wake of Ebrahim Raisi’s helicopter tragedy.
Could there be problems in the supply chain?
The world’s oil supplies and prices may be significantly impacted if Iran’s oil output is disrupted. Although the oil market has stayed mostly rangebound thus far despite turbulence.
What effect might this have on the price of gold?
Uncertainty in the geopolitical arena may boost demand for safe-haven assets like gold. As a result, prices rise, and gold has reached an all-time high since the Iranian president’s passing.