US-Iran conflict drags Argentine stocks in New York, pushes country risk higher
Shares of Argentine companies listed in New York fell as the US-Iran conflict rattled global markets, pushing the country's risk premium closer to 400 points, a threshold President Javier Milei has targeted for regaining access to international capital markets.
Shares of Argentine companies trading in New York fell Friday as turbulence from the US-Iran conflict rippled through global markets. Investors are weighing the impact of Middle East tensions on oil prices and broader risk appetite.
The decline coincided with Argentina's country risk index edging closer to 400 points, a threshold widely seen as critical to President Javier Milei's goal of restoring the country's access to international financial markets. Falling below that level is viewed as key to the government's plans to lower its borrowing costs.
Analysts said a prolonged global conflict could further dampen risk appetite for emerging markets, potentially delaying Argentina's return to international debt markets. Government officials have not yet commented on the market moves.
Read next
Oil tankers face 'worst case scenario' in Hormuz as Iran steps up attacks on ships
One seafarer was killed and three others injured in an attack on the crude oil tanker Al Bahyah off Oman's coast on Tuesday. A maritime risk firm's CEO said tankers transiting the Strait of Hormuz now face a "worst case scenario" as Iran escalates attacks on shipping.
US launches seventh straight night of strikes on Iran
Australia 'deeply frustrated' over Laos methanol poisoning charges
G7 and EU call for halt to attacks on Sudan's El-Obeid and a wider arms embargo
