US Edition
Stocks Drop After Fed Comments as Mideast Fears Lift Crude
- On June 18-19, 2025, the U.S. deployed more fighter aircraft to bolster forces amid rising tensions near the Strait of Hormuz in the Persian Gulf.
- This military buildup follows escalating conflict between Israel and Iran since June 13 and concerns about possible disruptions at the Strait of Hormuz, a critical oil transit chokepoint.
- The strait, only 33 kilometers wide at its narrowest, handles approximately 20 million barrels of crude and fuels daily, with 82% destined for Asian consumers including China, India, Japan, and South Korea.
- Brent crude futures rose 4.4% to $76.45 a barrel Tuesday due to supply disruption fears, while analysts warned that blocking 4 to 6 million barrels daily could sharply spike prices and hurt global markets.
- The deployment and ongoing conflict highlight the acute risk of disruption to energy supplies, with potential economic impacts on Iran, Gulf Arab states, and importers worldwide if the strait closes or shipping is impeded.
53 Articles
53 Articles
Channel News Asia
Stocks drop after Fed comments as Mideast fears lift crude
HONG KONG: Equities fell on Thursday (Jun 19) after the Federal Reserve warned Donald Trump's trade war could reignite US inflation and dampen economic growth, while oil rose on Middle East concerns as investors awaited developments in the
Major oil price shock looming as Israel-Iran conflict threatens critical global shipping passage
Oil prices could surge to $120 per barrel if the Israel-Iran conflict disrupts supply through the Strait of Hormuz, where almost a third of global seaborne oil trade flows daily.
In a context of increasing volatility, the oil market swings between profits and losses, mainly due to the possibility of the US getting involved in the conflict in the Middle East. According to the original report, the futures of Brent crude exceeded $76 per barrel, a noticeable increase compared to pre-attack values.This rise coincides with tensions in the region and the call of U.S. President Donald Trump to an “unconditional surrender” of Ir…
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