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Stocks struggle, oil up for 3rd week as Trump weighs US action on Iran

  • Stocks struggled for direction on June 20, 2025, as oil prices rose for a third straight week amid escalating Israel-Iran conflict tensions.
  • This situation followed Israel’s bombing of nuclear targets in Iran and Iran’s missile and drone attacks on Israel, with no exit strategy yet apparent.
  • Oil prices fluctuated between $70.56 and $79.04 per barrel this week, with Brent crude falling 2% to $77.22 but still aiming for a 4% weekly gain.
  • President Trump said he is considering whether to join Israel against Iran and will decide within two weeks, while criticizing Fed Chair Powell for costing "hundreds of billions of dollars."
  • The growing geopolitical risks and uncertainty over U.S. involvement could cause further volatility in oil prices and global markets in the near term.
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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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U.S. News broke the news in New York, United States on Thursday, June 19, 2025.
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