Chennai : It is reported that the death of the Iranian President Ibrahim Raisi has threatened to increase the price of gold and crude oil around the world.
Iran’s President Ibrahim Raisi died in a helicopter crash last Sunday. The Iranian government is observing 5 days of mourning for the demise of the president. Also, some countries of the world are also participating in this grief. Following this, Iran’s Supreme Leader Khamenei officially announced that Mohammad Mukherjee would be the interim president of Iran.
Also, there were reports that Iran’s 14th presidential election will be held on June 28. In this case, there is a world-wide shocking information which is that President Raisi’s death has had a large-scale economic impact on the world level. As a result, the prices of gold and crude oil are likely to increase, according to the reports.
Crude oil prices rose in international trade on Monday following the death of Iranian President Raisi. That means (West Texas Intermediate) crude oil price has risen by 0.41% and Brent crude oil price by 0.48% in one day. Due to the fluctuation in crude oil prices based on the current situation in Iran, there is a risk of rising petrol and diesel prices.
India imports 85% of its crude oil requirement from the rest of the world. It is noteworthy that it imports a significant amount from Iran. Also, due to the strong impact on the stock market, investors have moved towards gold, so the demand has increased and the price of gold has increased. Economists say that this situation will not change until a stable leadership is formed in Iran.
