Tehran Stock Exchange drops following Iran's attack on Israel

According to Iranian media, the Tehran Stock Exchange saw a sharp decline following the attack, and a circuit breaker mechanism was activated as a precaution to prevent further losses.

The decline that began with the opening of the markets caused the board to turn red after a certain period, with the stock exchange experiencing a loss of value of around 2.3 percent.

On the other hand, there was also a decline in the gold market, with a 3 percent loss in value.

The dollar, which had been on the rise since Israel's attack on Iran's consulate building in Damascus, the capital of Syria, on April 1, was hovering around 58 thousand Tomans last week and rose to 66 thousand Tomans on Saturday.

Following the attack carried out during the night, one US dollar reached 67 thousand Tomans. During the day, the value of the dollar returned to 66 thousand Iranian Tomans.

As it is the first day of Iran's attack on Israel, an economic reaction has not yet been observed. The reflection of the attack on the markets is expected to emerge within a week.

Israel had carried out an airstrike on Iran's consulate building in Damascus on April 1. A total of 7 people, including 2 generals from the Iranian Revolutionary Guard Corps, were killed in the attack.

Iran had announced that Israel's consulate attack meant an attack on its own territory and that they would retaliate.

Israel had also stated that it would respond to Iran's attacks.

Iran launched an attack on Israel yesterday with hundreds of kamikaze unmanned aerial vehicles, ballistic and cruise missiles, and announced that some military targets had been hit.

Israel, on the other hand, stated that most of the attacks were intercepted by air defense systems, but that a missile hit a military base in the south.