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The International Atomic Energy Agency (IAEA) said on Friday that  there is no increase in radiation levels at the Natanz facility, which was targeted by Israel. The nuclear watchdog also said the Bushehr nuclear plant has not been targeted. Earlier on Friday, Iran’s atomic agency chief said Natanz nuclear facility was confirmed to have been hit many times and is reported to be “completely destroyed.” However, the IAEA further stated that Iran has said that its Bushehr nuclear power plant was not targeted in the overnight attacks by Israel. The Bushehr power plant is Iran’s first-ever commercial nuclear reactor. “The IAEA … can confirm Natanz site among targets. The Agency is in contact with Iranian authorities regarding radiation levels. We are also in contact with our inspectors in the country,” said Director-General Rafael Grossi. Market reaction At the time of writing, the West Texas Intermediate (WTI) price is trading 6.83% higher on the day to trade at $72.20. (This story was corrected on June 13 at 05:40 GMT to say that the sentence “Natanz nuclear facility was confirmed to have been hit many times and is reported to be completely destroyed” was said by Iran’s atomic agency chief, not by the International Atomic Energy Agency (IAEA).  Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will…

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Filed under: News - @ June 13, 2025 6:27 am