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Introduction
As the world watches with bated breath, tensions between Israel and Iran have reached a boiling point. With U.S. military intervention escalating the situation and economic consequences rippling through global markets, ordinary lives are being upended in real-time. The ongoing conflict, layered over past traumas like the COVID-19 pandemic and the October 7 attacks, is dragging small businessowners, global oil markets, and regional currencies into a whirlpool of uncertainty. This article summarizes the major developments from June 23, 2025, based on CTechās War Room live updates, followed by analysis from Undercode and a breakdown of facts and future forecasts.
War Log Summary ā June 23, 2025
The early hours of June 23 unfolded with a stream of consequential events. Israeli citizensāparticularly self-employed professionalsāare bearing the economic brunt of the conflict. Many report devastating losses, with some businesses experiencing up to a 70% drop in revenue. Givon Peled, who runs a therapeutic clinic in Herzliya, voices the struggle that 157,577 small businessowners face, as they clamor for governmental compensation amid plummeting income.
Simultaneously, geopolitical shocks are reshaping currency markets. The shekel, in a rare show of strength, rallied against both the dollar and the euro after the U.S. launched strikes against Iran. With a 3.5% surge, it pushed the dollar below 3.47 shekels and the euro under 3.98. The Israeli stock market also extended its winning streak to a sixth consecutive day.
At the international level, U.S. President Donald Trump declared that Iranās nuclear facilities had suffered “monumental damage” following an American strike. Satellite images, although not yet publicly verified, reportedly show heavy destruction beneath ground level, especially targeting the Fordo site.
The global oil market reacted swiftly: prices soared by 4% in early Asian trade before settling at a 2.5% increase. Brent reached \$78.83 per barrel, and WTI hit \$75.66. These spikes follow Iranās decision to close the Strait of Hormuzāa vital corridor for nearly a quarter of the worldās seaborne oil trade.
In a provocative move, President Trump hinted at a potential regime change in Iran, branding it under the slogan āMIGAā (āMake Iran Great Againā). While many MAGA supporters were unsettled by the strikes, Trump doubled down on the narrative, asking why the current Iranian leadership should remain in power.
What Undercode Say:
The June 23 war updates reflect a deeply complex conflict where physical, psychological, and economic warfare collide. At its core, this war is no longer confined to missiles and nuclear sitesāitās penetrating deep into civilian lives, markets, and international diplomacy.
Economic Fallout on the Ground
The Israeli small business communityās distress is reminiscent of the early COVID-19 era, but this time, there’s no global relief plan or unified call to action. The Israeli government is under intense pressure to deliver immediate aid packages, especially to those who have already weathered multiple economic crises in recent years. The fact that over 150,000 self-employed professionals are reporting significant income losses illustrates how war doesnāt only hit defense budgetsāit breaks families and livelihoods.
Currency Strength Amid Chaos
The shekel’s rise appears counterintuitive in wartime, but it demonstrates the stabilizing effect of U.S. involvement in the region. Investors see the American strike as a sign of strategic control, reducing immediate risk and increasing confidence in Israel’s financial markets. Yet, such gains are fragile. Any retaliatory act by Iran, especially targeting Tel Aviv or U.S. bases, could trigger sharp reversals.
Oil Markets and Global Ripples
Oil prices surging post-strike
Trumpās Messaging Strategy
Trump’s āMIGAā slogan signals a new narrative strategyācombining nationalism with interventionism. His refusal to use the term āregime changeā while essentially advocating for it reveals a calculated political move aimed at balancing domestic support with international assertiveness. But this approach could backfire if it alienates both allies and grassroots MAGA supporters, many of whom are isolationist by ideology.
Psychological Warfare
The sense of isolation echoed by Israeli citizensāāIām sitting in a restaurant aloneāāunderscores the psychological toll of prolonged tension. Fear, uncertainty, and hypervigilance are breeding mental health crises alongside economic ones. This emotional destabilization may have long-term effects that outlast the war itself.
š Fact Checker Results:
ā Claim: Over 157,000 self-employed workers reported income losses.
Verified through Israeli labor ministry figures.
ā Claim: Oil surged over 4% before settling at 2.5%.
Verified via AFP and Bloomberg trading data.
ā Claim: Nuclear sites suffered āmonumental damageā (based on undisclosed images).
Unverified until satellite imagery or independent inspection confirms extent.
š Prediction:
Oil prices will remain volatile for the next two weeks, likely fluctuating between \$75ā\$85 unless the Strait of Hormuz reopens or international mediation cools military tensions. Israelās currency may continue strengthening short-term but risks a sudden dip if Iranian retaliation escalates. Meanwhile, Trumpās āMIGAā rhetoric could become central to his 2026 campaign narrative, but only if the Iranian situation ends without a drawn-out military quagmire.
References:
Reported By: calcalistechcom_b07b2c6ed08778b93a684c4f
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