Energy news

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Asia mid-session: Equities rebound as Israel-Iran ceasefire hopes emerge; oil plunges, Aussie outperforms

Global markets rebounded as hopes of a ceasefire between Israel and Iran emerged, following reports of a symbolic Iranian strike and Trump’s announcement of a brokered deal. WTI crude oil plunged 9.3%, reducing geopolitical risk premiums and stagflation fears. This triggered a rally in equities, with the S&P 500 and Nasdaq 100 closing over 1% higher, while the US dollar weakened and Gold fell below key technical support.

24-06-2025 06:49 GMT by Kelvin Wong

Bitcoin back above $100,000 on muted US-Iran reaction, US equities rally

With reports of US airstrikes on Iran nuclear facilities emerging on Sunday, crypto markets declined sharply amid rising geopolitical tensions, hurting demand for speculative digital assets. Despite falling to monthly lows over the weekend, and crucially below the key level of $100,000, Bitcoin has found support early in today’s session, trading +0.32% higher at around ~$101,319.

23-06-2025 17:25 GMT by Christian Norman