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On June 16, Iranian government spokesman Fatehmez Mohajerani announced that Iran has decided to suspend the operation of its stock exchanges until the situation stabilizes. Mohajerani stated at a press conference held that day in Tehran that the financial markets will remain suspended until regulatory agencies confirm that the conditions for resuming operations are in place, with the aim of protecting public funds. It is worth noting that in the early hours of June 13, Israel launched airstrikes on Iran, resulting in a large number of military personnel deaths. Among the deceased were Iranian Armed Forces Chief of Staff Mohammad Bagheri, Islamic Revolutionary Guard Corps Commander Hossein Salami, Central Headquarters Commander Gholamali Rashid, and Revolutionary Guards Aerospace Force Commander Amir Ali Hajizadeh. Reports also indicated that 9 nuclear scientists and several senior officials were killed. That evening, Iran carried out a large-scale retaliatory strike, launching over 150 ballistic missiles and over 100 drones towards Tel Aviv and other locations. The attacks resulted in civilian casualties and severe damage.
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