Oil Prices Drop, Stocks Climb as Iran-Israel War Fears Ease
- On June 15, oil prices jumped following a significant increase in tensions between Iran and Israel in the Middle East, although the upward trend soon slowed as the market moved into a consolidation phase.
- The initial spike followed Israel's strike on Iran's South Pars gas field, which caused a platform shutdown and raised fears of regional supply disruption.
- Despite the volatility, no physical supply interruption occurred, and oil benchmarks Brent and WTI retreated from multi-month highs to trade near established support levels.
- Henry Allen noted that Brent crude remains below its 2024 average price and that significant military escalation would be needed to cause lasting market impact, while equities showed resilience despite pressure.
- The outcome suggests that oil prices may pull back if tensions ease but could rally again if new risks emerge, keeping energy markets volatile amid cautious global demand and inflation concerns.
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Oil prices drop, stocks climb as Iran-Israel war fears ease
Stocks rose and oil prices retreated Monday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day.
·Missoula, United States
Read Full ArticleUS Stocks Soar, Oil Prices Plunge as Market Fears of Israel–Iran Conflict Spreading Fade: Analyst - The Thinking Conservative
U.S. stocks surged at start of trading week, rebounding from Friday’s selloff sparked by geopolitical tensions following Israel’s attack on Iran. The post US Stocks Soar, Oil Prices Plunge as Market Fears of Israel–Iran Conflict Spreading Fade: Analyst appeared first on The Thinking Conservative.
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Total News Sources135
Leaning Left21Leaning Right18Center24Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 33%
C 38%
R 29%
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