Israeli Stocks Hit Record High Amid Iran Conflict

- Israeli stocks surged to record levels amidst escalating geopolitical tensions with Iran. - Global and US markets experienced significant declines due to economic and political uncertainties. Israeli stocks reached new all-time highs on Tuesday, June 17, 2025, as war tensions with Iran escalated. Meanwhile, global and US markets fell sharply. A significant 0.9% dip in May retail sales contributed to this decline, and uncertainties following President Trump's abrupt G7 summit departure and his subsequent warnings about Tehran also played a role. On June 17, CoinDesk reported that the Tel Aviv 125 index climbed 1.1%, and the Tel Aviv 35 index gained 1%. In contrast, Wall Street experienced notable declines, with the Dow Jones Industrial Average falling 0.3%, and the S&P 500 and Nasdaq Composite both dropping 0.4%. The iShares MSCI Israel ETF also reached a new peak during this period. These market movements coincided with rising commodity prices, as Brent crude and West Texas Intermediate (WTI) futures increased by over 2%. Additionally, silver futures surged to their highest level since February 2012. However, Tesla shares slid 1.7% after an analyst cut earnings projections, citing concerns over flat delivery numbers and potential negative free cash flow. Meanwhile, Ethereum (ETH) was trading at $2,941 as of June 17, 18:00 UTC. According to CoinMarketCap on June 17, its 24-hour trading volume increased by 1.5%.