Iran Attacks Israel in Drone and Missile Assault: Financial Markets Impacted

Iran attacked Israel on April 14, 2024 at 8:50 am ET in the form of a drone and missile assault on Israeli targets.
The attack had an impact on financial markets.
Iran Attacks Israel in Drone and Missile Assault: Financial Markets Impacted

Iran attacked Israel on April 14, 2024 at 8:50 am ET. The attack occurred in the form of a drone and missile assault on Israeli targets. Coverage of the event and its impact on financial markets is provided by various sources.


Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image
Article Image

Confidence

90%

No Doubts Found At Time Of Publication

Sources

72%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Bitcoin and other cryptocurrencies tumble amid Middle East tensions

CNBC News Matt Clinch Sunday, 14 April 2024 10:42
  • Unique Points
    • Bitcoin was down some 8% late on Saturday evening after an unprecedented Iranian drone and missile attack on Israel.
    • The sell-off for bitcoin was the steepest in more than a year, with the coin hitting new records recently amid inflows into U.S. spot bitcoin ETFs that continue to drive its price action.
  • Accuracy
    • Bitcoin's price has been affected by a worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra.
    • <p>The sell-off for bitcoin was the steepest in more than a year, with the coin hitting new records recently amid inflows into U.S. spot bitcoin ETFs that continue to drive its price action.</p>
    • Other coins also experienced a sell-off.
    • The deluge of drones and missiles on Israel was reportedly in response to a suspected Israeli strike that killed top Iranian officials in Syria.
    • <p>The Tel Aviv Stock Exchange's flagship index was down by 99% at its lowest point during trading hours.</p>
  • Deception (30%)
    The article is deceptive in several ways. Firstly, the author claims that a worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year. However, there is no evidence to support this claim in the article. Secondly, the author states that Bitcoin was down some 8% late on Saturday evening as U.S. officials confirmed an Iranian drone and missile attack on Israel had taken place. This statement is misleading because it implies that the fall in Bitcoin's price was directly related to the attack when there is no evidence of this connection in the article.
    • The author claims that a worsening macroeconomic climate and industry giants such as FTX and Terra have weighed on bitcoin's price. However, there is no evidence to support this claim in the article.
  • Fallacies (75%)
    The article contains several fallacies. Firstly, the author makes an appeal to authority by stating that U.S officials confirmed the attack was taking place without providing any evidence or context for this claim. Secondly, there is a dichotomous depiction of bitcoin as both being driven up by inflows into ETFs and then experiencing a steep fall in price due to these same inflows, which creates confusion and contradicts itself. Lastly, the author uses an informal fallacy by stating that events overnight marked the first instance of a direct attack on Israel from Iranian territory without providing any context or evidence for this claim.
    • U.S officials confirmed the attack was taking place
    • bitcoin had been trading at around $70,000 on Saturday evening but plunged to below $62,000
    • events overnight marked the first instance of a direct attack on Israel from Iranian territory
  • Bias (75%)
    The article contains examples of religious bias and monetary bias. The author uses language that depicts one side as extreme or unreasonable by referring to the Iranian drone and missile attack on Israel as an 'unprecedented' event despite it being a common occurrence in the region. Additionally, the author mentions FTX and Terra collapsing which could be seen as monetary bias.
    • The cryptocurrency market suffered heavy selling overnight Saturday amid an unprecedented Iranian drone and missile attack on Israel.
    • Site Conflicts Of Interest (100%)
      None Found At Time Of Publication
    • Author Conflicts Of Interest (100%)
      None Found At Time Of Publication

    63%

    The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
    (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

    A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

    Markets flash early signs of risk from wider Mideast war as crypto prices sink after Iran launches wave of drones at Israel

    Yahoo Finance Jason Ma Sunday, 14 April 2024 13:26
    • Unique Points
      • Cryptocurrency prices fell Saturday evening after Iran launched a wave of drones at Israel
      • `Bitcoin was down 5% from its price on Friday, while ether sank more than 7%, and XRP tumbled 13.5%, according to CoinMarketCap`
    • Accuracy
      • `Bitcoin was down 7% from its price on Friday, while ether sank more than 9%, and XRP tumbled 13.5%, according to CoinMarketCap`
    • Deception (30%)
      The article is deceptive in several ways. Firstly, the author claims that cryptocurrency prices fell after Iran launched a wave of drones at Israel. However, this statement is not supported by any evidence presented in the article and it's unclear if there was any correlation between these two events. Secondly, the author uses sensationalist language such as
      • The use of words 'early signs', 'risk assets will be under pressure', and 'marking an early indication of the turmoil that could hit markets' are examples of deceptive practices. These statements create a sense of urgency and fear in readers without providing any concrete evidence to support them.
      • The use of words such as 'fuller picture', 'preview on what to expect', and 'boosting U.S benchmark oil prices' are examples of sensationalism.
    • Fallacies (70%)
      The article contains several fallacies. The author uses an appeal to authority when they mention that the U.S. Treasury bonds rallied sharply and the U.S dollar advanced as a result of investors looking for safety due to geopolitical tensions caused by Iran attacking Israel, without providing any evidence or citation for this claim.
      • The author uses an appeal to authority when they mention that the U.S. Treasury bonds rallied sharply and the U.S dollar advanced as a result of investors looking for safety due to geopolitical tensions caused by Iran attacking Israel, without providing any evidence or citation for this claim.
      • The author uses inflammatory rhetoric when they mention that 'markets are under pressure' after cryptocurrency prices fell and the threat of a broader Middle East war is being priced in.
    • Bias (85%)
      The author of the article demonstrates bias by implying that Iran is responsible for the escalation of tensions in the Middle East and portrays Israel as a victim. The author does not provide any evidence or context for these claims and ignores other factors that may contribute to the conflict, such as U.S. sanctions on Iran or Israeli actions in Palestinian territories.
      • Cryptocurrency prices fell Saturday evening after Iran launched a wave of drones at Israel
        • the geopolitical tensions caused investors to turn away from riskier emerging-market currencies
          • U.S. benchmark oil prices as much as 3% to top $87 a barrel
          • Site Conflicts Of Interest (50%)
            Jason Ma has conflicts of interest on the topics of markets and risk as he is an author for Yahoo Finance which covers these topics extensively. He also reports on Iran-backed groups Lebanon Iraq Syria Yemen April 1 airstrike in Syria Israel's most important military ally, White House Navy ships anticipation of an attack, US Treasury bonds US dollar euro gold stocks tech shares bank earnings inflation data Mideast tensions militants and Bitcoin ether XRP oil prices. He also reports on the European Central Bank and Federal Reserve which are financial institutions that may have competing interests with other companies or industries they report on.
            • Jason Ma is an author for Yahoo Finance, a company that covers markets and risk extensively.
            • Author Conflicts Of Interest (50%)
              The author has a conflict of interest on the topics of markets and risk as they are closely related to cryptocurrency prices. The article also mentions Bitcoin ether XRP oil prices U.S Treasury bonds US dollar euro gold stocks tech shares bank earnings inflation data Mideast tensions militants Iran-backed groups Lebanon Iraq Syria Yemen April 1 airstrike in Syria Israel's most important military ally White House Navy ships anticipation of an attack, which are also topics that the author has written about before. The article does not disclose any conflicts of interest.
              • The article mentions Bitcoin ether XRP oil prices U.S Treasury bonds US dollar euro gold stocks tech shares bank earnings inflation data Mideast tensions militants Iran-backed groups Lebanon Iraq Syria Yemen April 1 airstrike in Syria Israel's most important military ally White House Navy ships anticipation of an attack, which are also topics that the author has written about before.

              78%

              The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
              (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

              A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

              Iran attacks Israel: Live coverage of events — and the market reaction

              MarketWatch Sunday, 14 April 2024 13:26
              • Unique Points
                • Iran attacked Israel
                • The attack occurred on April 14, 2024 at 8:50 am ET
                • Coverage of the event and its impact on financial markets is provided.
              • Accuracy
                • <p>Bitcoin's price has been affected by a worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra. </p><p>Other coins also experienced a sell-off.</p>
                • The deluge of drones and missiles on Israel was reportedly in response to a suspected Israeli strike that killed top Iranian officials in Syria.
                • <p>Cryptocurrency prices fell Saturday evening after Iran launched a wave of drones at Israel</p><p>Bitcoin was down 5% from its price on Friday, while ether sank more than 7%, and XRP tumbled 13.5%, according to CoinMarketCap</p>
                • <p>U.S Treasury bonds rallied sharply sending the 10-year yield down as much as 10 basis points.</p>
              • Deception (100%)
                None Found At Time Of Publication
              • Fallacies (0%)
                None Found At Time Of Publication
              • Bias (100%)
                None Found At Time Of Publication
              • Site Conflicts Of Interest (100%)
                None Found At Time Of Publication
              • Author Conflicts Of Interest (0%)
                None Found At Time Of Publication

              70%

              The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
              (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

              A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

              Bitcoin Plummets After Iran Launches Attack On Israel

              Forbes Magazine Ty Roush Saturday, 13 April 2024 00:00
              • Unique Points
                • The price of bitcoin dropped by 7% on Saturday over the course of less than an hour, as prices for other cryptocurrencies also sharply declined after Iran launched an attack on Israel.
                • Prices for several less-traded cryptocurrencies dropped by at least 15%, including avalanche (20%), XRP (20%) and the meme token dogecoin (18%).
                • $73,750 is what the price for bitcoin was on March 24, the all-time high price for the cryptocurrency.
              • Accuracy
                • Bitcoin's price has been affected by a worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra.
                • The sell-off for bitcoin was the steepest in more than a year, with the coin hitting new records recently amid inflows into U.S. spot bitcoin ETFs that continue to drive its price action.
                • Cryptocurrency prices fell Saturday evening after Iran launched a wave of drones at Israel
                • The deluge of drones and missiles on Israel was reportedly in response to a suspected Israeli strike that killed top Iranian officials in Syria.
                • U.S. benchmark oil prices as much as 3% to top $87 a barrel after an Iranian attack on Israel was expected within two days
                • The U.S dollar advanced as investors looked for safety from riskier emerging-market currencies, even the euro fell to a five-month low against the greenback
                • Prices for gold surged to a fresh record high above $2,400 an ounce before later reversing those gains late Friday
              • Deception (50%)
                The article is deceptive in several ways. Firstly, the title implies that Bitcoin's price drop was directly caused by Iran launching an attack on Israel. However, this is not supported by any evidence presented in the article and it misleads readers into believing a causal relationship between these two events.
                • The author states that 'concerns over increased geopolitical conflict in the Middle East have impacted U.S. markets', which implies a causal relationship between these events and Bitcoin's price drop, but this is not supported by any evidence presented in the article.
                • The title of the article suggests that Bitcoin's price drop was due to Iran attacking Israel, but there is no direct link made between the two.
              • Fallacies (85%)
                The article contains several fallacies. Firstly, the author makes an appeal to authority by citing JPMorgan Chase CEO Jamie Dimon's statement about geopolitical conflict being a concern for the global economy if oil and gas prices go too high. However, this is not relevant to the topic of bitcoin plummeting after Iran launched an attack on Israel. Secondly, there are several dichotomous depictions in the article such as
                • The price of ethereum fell over 9% to $2,923,
              • Bias (80%)
                The article is biased towards the negative impact of Iran's attack on Israel and how it affected the price of Bitcoin. The author uses language that depicts one side as extreme or unreasonable by saying 'concerns over increased geopolitical conflict in the Middle East have impacted U.S. markets'. This is an example of religious bias, as religion plays a role in shaping political views and actions.
                • concerns over increased geopolitical conflict in the Middle East have impacted U.S. markets
                  • Iran launched an attack on Israel
                    • The price of bitcoin dropped by 7% on Saturday over the course of less than an hour
                    • Site Conflicts Of Interest (100%)
                      None Found At Time Of Publication
                    • Author Conflicts Of Interest (0%)
                      None Found At Time Of Publication