Israeli markets slide as possible US-Iran deal unwinds wartime gains
Over the past month, Israeli shekel has slipped 3.1% versus the US dollar, trading near the 3-per-dollar mark
WASHINGTON (MNTV) — Israeli equities and the shekel have dropped steeply as markets grow uneasy that a potential peace deal between Washington and Tehran could weaken Israel’s strategic standing, erasing gains built up over years of regional conflict.
The country’s flagship TA-35 index has shed more than 12% in dollar terms during June, ranking it among the worst performers of any major national stock benchmark this month.
The currency hasn’t been spared either. Over the past month, the shekel has slipped 3.1% versus the U.S. dollar, trading near the 3-per-dollar mark.
Shares in the Tel Aviv Stock Exchange operator itself have likewise tumbled about 20% over the same stretch, settling around 13,160 points—a sign of just how much strain Israel’s domestic capital markets are under.
The losses represent a stark turnaround from the surge in Israeli assets that began after the Gaza war erupted in October 2023 and subsequently widened into a larger regional confrontation drawing in Lebanon and Iran.
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