Wall Street and the Iran-Israel Conflict: Norman Fairclough's Critical Discourse Analysis of Global Stock Market News
Keywords:
Critical Discourse Analysis, Fairclough, Wall Street, Iran-Israel Conflict, Stock MarketAbstract
This research analyzes how global media construct the economic and political discourse surrounding the Iran-Israel conflict through financial news. The article titled “Wall Street will continue to monitor the Iran-Israel conflict next week, with stocks at an impasse” (CNBC, 2024) becomes the focus of this critical discourse analysis using Norman Fairclough’s framework. The analysis focuses on two of Fairclough’s dimensions: discourse practice and sociocultural practice. The findings reveal that the media constructs a narrative that positions the financial market as a passive actor affected by geopolitical events and reinforces dominant capitalist ideology.