The economic consequences of the U.S.-Israeli aggression against Iran will be immediate, Moroccan economist Ohadi Said told Sputnik.

According to the expert, the military action would translate into a sharp rise in oil prices, driven by the impact of the strikes on global production and the critical role that Iran and the Persian Gulf nations play in the energy sector.

Danger to Maritime Navigation

Following the outbreak of the conflict, Yemen's Houthi forces announced their intention to attack all oil tankers in both territorial and international waters.

Threat to the Financial System

Global financial markets would also be significantly affected — particularly the U.S. dollar exchange rate, which would face intense downward pressure.

Surge in Precious Metals

Gold would resume its rapid upward trajectory following a recent moderate pullback.

At 8:00 a.m. local time, the United States and Israel launched a large-scale offensive designated "Operation Epic Fury," according to the Pentagon. The majority of the coordinated strikes were directed at the capital, Tehran, though attacks were also carried out in other Iranian cities.

Iran, for its part, responded by launching missiles against Israel. Explosions were also reported in Bahrain, Qatar, the United Arab Emirates, Jordan, and Kuwait — all countries hosting U.S. military bases. According to media reports, Tehran launched strikes against a total of 14 American bases across the Middle East.