3 Things The Catch Up: 24 June
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Jun 24, 2025 Tensions in the Middle East are rising, especially after Iran's missile strikes on Israel. The conflict is shaking up global markets and prompting flight suspensions by Indian airlines. In response, the Indian government is actively working to evacuate its citizens from the region. These developments have significant implications not just locally but on a global scale.
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Ceasefire Volatility in Middle East
- Iran launched missiles into Israel even after a US-brokered ceasefire was declared by Donald Trump.
- Despite the ceasefire, the situation remains volatile with contradictory claims from Iran and Israel.
Markets React to Ceasefire
- Global stock markets surged and oil prices dropped sharply after the ceasefire announcement.
- Investors saw Iran's retaliatory strike as symbolic, diminishing fears of wider conflict escalation.
Flight Suspensions Due to Conflict
- Indian airlines suspended flights to the Middle East and some Western destinations due to airspace closures and safety concerns.
- Flights will resume once the situation stabilizes, highlighting the importance of safety over operations during conflict.