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Tel Aviv Stocks and the Shekel Weaken as Iran-US Fighting Resumes
Tel Aviv's TA-35 and TA-125 indices swung from early gains to losses of about 1 percent in Wednesday, July 8, 2026 (17 Tir 1405) trading, as fighting between the United States and Iran resumed and the ceasefire collapsed. The Tel Aviv insurance index fell 3 percent the same day, with Menora Mivtachim down 4.2 percent, Harel down 4.1 percent, Clal down 2.8 percent, Phoenix down 2.5 percent and Migdal down 1.5 percent. The TA Cleantech index, which had fallen 4 percent on Tuesday, July 7, dropped a further 2 percent on Wednesday. The Israeli shekel also weakened against the dollar, with the dollar trading above 3.05 shekels and the euro at 3.49 shekels. Israeli media reported that investors were pricing in a higher risk of a renewed closure of the Strait of Hormuz alongside rising oil prices.
The Times of Israel · Jul 10, 2026
Borsa Istanbul's BIST 100 Sinks 2.12% After Trump Declares Iran Ceasefire Over
Borsa Istanbul's BIST 100 index closed down 307.41 points (2.12%) at 14,189.96 on Wednesday, July 8, 2026, after falling as low as 14,179.01 intraday, according to Anadolu Agency. The drop came immediately after President Trump told the NATO summit in Ankara that the US-Iran ceasefire was "over" and that the US would strike Iran again that night. Banking and transportation shares led sector losses on the Turkish exchange. The move illustrates how the Iran-US war is spilling directly into Turkish equities, a major trade and transit partner for Iran.
Anadolu Agency · Jul 10, 2026