US EditionOil Flip-Flops, Dollar Firms After US Hits Iran Nuclear Facilities
- On June 22nd, 2025, the U.S. executed a series of targeted airstrikes against Iran’s nuclear sites, representing a significant military escalation between the two countries.
- The strikes followed rising tensions over the Strait of Hormuz, a strategic chokepoint carrying nearly 20% of the world's oil, which Iran threatened to close.
- Brent crude surged above $105 per barrel and WTI futures also rose sharply before prices eased as markets awaited Tehran's cautious response amid fears of wider conflict.
- Senior analysts noted that even the threat of disrupting Hormuz could have serious implications, with James Bambino saying, “You can only play the SPR card once.”
- The strikes increased geopolitical risk and market volatility, with outcomes hinging on Iran's next moves and potential impacts on global energy supply and inflation.
27 Articles
27 Articles
The dollar is finally behaving as it should, after six months of weakening its status as an active refuge and breaking the usual economic relations. This could indicate that its terrible streak of weakness is coming to an end. Israel’s attack on Iran tested the position of the dollar in the midst of a search for safe investments. The dollar surpassed the test: the ICE index of the US dollar has risen about 1% since the first bombing. More import…
The dollar began a new week rising. The U.S. currency is driven after closing last week in advance on Thursday, for the National Day of Indigenous Peoples holiday. The day was also marked by the first working day after the U.S. confirmed an attack on Iran. Now, investors expect the next step of the superpower and the answers from the Middle East. In that line, Iran already made a move and attacked a U.S. military base in Qatar and more are expec…
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