fortune.com fortune.com

‘Psychological Warfare:’ Iran Rails at Western Governments Over Claims That It Shot Down Boeing Airliner

Iran accused Western governments of engaging in “psychological warfare” in claiming the Boeing Co. jet that crashed near Tehran on Wednesday was brought down by a missile, as the tragedy became further embroiled in geopolitical tensions. “If they are certain and have the courage, they should share any finding that has scientific and technical backing,” Ali Abedzadeh, head of Iran’s Civil Aviation Organization, said in a...

fortune.com fortune.com

As the Dow hits new highs, the bulls remain in charge— for now

Investors may very well have vertigo from the already dizzying spate of trading days in 2020. But as the Dow Jones Industrial Average hit record highs midday Thursday, moving up over 200 points, some on the Street are predicting markets still have more room to run. Following a rocky start to the year marked by conflict with Iran, markets not only eased—but leaped—at what seems to be de-escalated tensions between the two nations on...

fortune.com fortune.com

U.S.-Iran standoff pushes Saudi Aramco shares into correction territory—and analysts expect it to drop further

When Saudi Aramco was road-showing its record-setting IPO in November, it warned investors of a number of particularly fearsome risks. Chief among them was “that terrorism and armed conflict may materially and adversely affect the company and the market price of the shares.” Less than a month after Aramco’s trading debut and investors are having to stomach precisely that. The turmoil in the region since the United States killed...

fortune.com fortune.com

Trump-Ordered Airstrike Kills Iranian Commander, Escalating Tensions and Roiling Global Markets

A U.S. airstrike in Iraq ordered by President Donald Trump killed one of Iran’s most powerful generals, sending global markets tumbling on fears of a deepening conflict in the Middle East. Qassem Soleimani, who led proxy militias that extended Iran’s power across the region, was killed in a strike in Baghdad authorized by Trump, the Defense Department said in a statement late Thursday night. Trump had no immediate comment, but...