US EditionOil prices dive, stocks jump as markets seek reprieve from Middle East turmoil
- The United States attacked Iran over the weekend, escalating the Middle East conflict and prompting Iran's missile strike on a U.S. base in Qatar on Monday.
- This conflict followed Israel's June 13 attack on Iran and raised fears about possible disruption of oil flow through the Strait of Hormuz.
- Oil prices initially surged to over $78 per barrel Sunday but then tumbled 7.2% to settle at $68.51 on Monday as investors bet Iran would not block oil shipping lanes.
- Houston analyst Andy Lipow said a complete closure of the Strait of Hormuz would push oil prices to $120–130 a barrel, driving up goods prices and complicating Fed rate cuts.
- Despite geopolitical risks, U.S. stocks rallied Monday, led by Tesla's 8.2% gain, while investors hoped the conflict would remain limited and inflation pressures contained.
54 Articles
54 Articles
The end of the war between Iran and Israel announced this afternoon only consolidated the best prospects for the markets registered the previous day, when a 12-hour truce was announced.However, markets continue to monitor closely if they effectively comply with the agreement proposed to them by Donald Trump.At the same time, markets analyze the statements of the Federal Reserve President, Jerome Powell, in his testimony before the House of Repre…
Airlines in the United States and Europe recorded an upturn in their stock this Tuesday, an unexpected move that brought some fresh air to the industry. According to the original report, this occurred in the midst of a drop in oil prices, driven by expectations that a ceasefire would be maintained between Israel and Iran.In Europe, Air France KLM, the owner of British Airways and Lufthansa saw a significant rise, ranging from 6% to 10%.Wizz Air,…
Business Insider
MSNOil prices tumble, stock futures up after Trump announces Israel-Iran ceasefire
Markets are relieved after President Donald Trump said Israel and Iran have agreed to a ceasefire.Timothy A. Clary/AFP/Getty ImagesOil prices are tumbling after President Donald Trump announced a Israel-Iran ceasefire agreement.Oil prices were already falling after Iran launched strikes on a US airbase in Qatar.Markets saw Iran's strikes as a de-escalatory move as Tehran did not target the Strait of Hormuz.Oil prices are down sharply while stock…
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