Stock market fall intensifies and oil prices spike as scale of war sinks in

Worst day for European stocks in two years as Kingspan shares lead decline on Iseq

A person uses a phone near the damage caused by Iranian missile barrage in Bnei Brak, Israel, yesterday. Photo: Reuters

Fallout from the war in Iran rocked financial markets further on Tuesday, sending oil and gas prices higher and stocks sharply lower.

In Dublin, the Iseq index of Irish shares was down 2.65pc by Tuesday’s close. Insulation giant Kingspan led the declines, down 3.98pc on the day, followed by Ryanair (-2.19pc).

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