Oil prices surged nearly 7% as escalating tensions between Israel and Iran raised fears of supply disruptions. Analysts warn markets may remain volatile unless the situation de-escalates quickly.
Gold prices climbed sharply as tensions in the Middle East drove demand for safe assets. Softer U.S. inflation also boosted hopes for rate cuts, supporting gold's rally above $3,400.
This escalation follows a statement from Iran's Supreme Leader, Ayatollah Ali Khamenei, who vowed that Israel would face "severe punishment" for the strike.
Sabharwal and his co-pilot, Clive Kundar—who had 1,100 hours of flying experience—sent out a frantic mayday call, warning the flight was "losing power."
Asian markets declined on Friday as oil prices surged and geopolitical risks spiked after an Israeli strike on Iran. Investors moved toward safe-haven assets like gold, the Swiss franc, and U.S. Treasuries, while awaiting further developments.
A video circulating on social media appeared to show the plane descending with its nose pitched upward and landing gear deployed, indicating a possible controlled descent.
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In October 2024, she shared that her cancer had advanced to stage IV, following her earlier decision to forgo a double mastectomy at the time of her initial diagnosis.