Israel's stocks and shekel surged after Israel and the US launched a military strike on Iran. Energy, financial and defence company shares saw the biggest gains, while the country's government bonds were fractionally lower. The shekel also jumped 1.6% against the dollar, near to a 30-year high. However, some analysts have questioned if this strength will last. Analysts predict that in a best-case scenario, Israel's risk premium could drop significantly, leading to growth in the economy and decrease in interest rates and the budget deficit.