In an escalation of events, Iran has launched rocket talks against US bases in the Middle East in response to the US killing Qasem Soleimani.
According to the Pentagon, at least two US bases were targeted by missiles launched from Iran.
As you can imagine, this has caused a bit of upset for the ASX share market. At the time of writing:
The Commonwealth Bank of Australia (ASX: CBA) share price is down more than 1%.
The Australia and New Zealand Banking Group (ASX: ANZ) share price is down 1.4%.
The Afterpay Touch Group Ltd (ASX: APT) share price is down 3.5%.
The WiseTech Global Ltd (ASX: WTC) share price is down 4.2%.
But, not every share is suffering. Oil could spike if the Middle East is about to go through more troubles, that's why the Woodside Petroleum Limited (ASX: WPL) share price is up 1.6%.
Gold miners are having an even better time because gold is a source of safety.
The St Barbara Ltd (ASX: SBM) share price is up 6%.
The Regis Resources Limited (ASX: RRL) share price is up 5.3%.
The Silver Lake Resources Limited. (ASX: SLR) share price is up 5%.
Donald Trump is not known for taking the subtle, gentle option when presented with different courses of action, so there could be more reaction to come.
Foolish takeaway
Who knows what's going to happen next? No-one knows. But the world has been through countless problems in the Middle East and come through other side. I'm not going to sell any of my shares. If this escalates further it could lead to some lower share prices, but hopefully it doesn't get any worse than today's actions because more deaths and war isn't want anyone wants.
