US EditionFTSE 100 Rises with Handbrake on After Iran-Israel Ceasefire Hits Oil ...
- On June 24, 2025, U.S. President Donald Trump announced that Israel and Iran had agreed to a ceasefire to end 12 days of aerial strikes and missile attacks.
- The ceasefire followed escalating hostilities including Israeli air strikes in Iran and Iranian missile attacks on a U.S. base, raising fears of disruptions via the Strait of Hormuz.
- Following the announcement, global oil prices dropped sharply, Asian LNG prices fell, stock markets rallied, and the U.S. dollar weakened against the yen and euro.
- Chris Weston of Pepperstone said markets were well hedged against tail risks that have not and likely will not materialize, while Russ Mould noted markets watch whether the ceasefire holds amid Iran's uncertainty.
- The ceasefire suggests easing energy tensions, yet market attention will shift to Iran's next moves and a looming tariff deadline affecting future trade and risk sentiment.
23 Articles
23 Articles
Fuel prices seen easing as Middle East strife simmers
MANILA, Philippines – A slight relief from surging local fuel prices remains possible as global oil prices dropped following signs of de-escalation in the Middle East (ME) conflict, according to a local firm. Jetti Petroleum president Leo Bellas said initial estimates based on Monday’s trading in the Mean of Platts Singapore (MOPS) showed another upward […]...Keep on reading: Fuel prices seen easing as Middle East strife simmers
Brent Drops Below $70 as Israel-Iran Ceasefire Holds
Oil prices dropped dramatically after a surprisingly speedy ceasefire was agreed between Israel and Iran, although the peace remains fragile.- US electricity demand is expected to soar to levels not seen since the summer of 2013 as regional operator PJM warned of consumption potentially reaching 158 GW, with temperatures nearing 100°F.- Power demand in the US averaged 36.5 BCf/d over the weekend before skyrocketing to 47.5 BCf/d on 24-25 June, g…
Gas Algorithms Pull Back as Mideast Truce Returns Risk-Off Mood
Traders relying on trend-following algorithms are pulling back from the European gas market, exacerbating the risk-off mood in play since US President Donald Trump announced a ceasefire between Israel and Iran.
Sky News UK
Israel-Iran ceasefire hopes drive down oil and gas costs
While the threat of a new cost of living spike has eased, wholesale energy prices and some other costs remain at an elevated level despite the thawing of hostilities in the Middle East.
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