Geopolitical Tensions Fuel Oil Surge, Hit Stocks, While Silver Outperforms Gold
From Investing.com: 2025-06-18 03:00:00
Risk-off sentiment returned to US equities overnight, with all major indices closing lower: the S&P 500 declined 0.8%, the Nasdaq 100 fell 1%, the Dow Jones Industrial Average shed 0.7%, and the Russell 2000 dropped 1%. Trump’s threat to Iran sparked renewed Middle East tensions, leading to fears of supply disruptions in the oil market. WTI crude oil rallied 5.3% on Tuesday, reaching $76.20/barrel. Higher oil prices may complicate the Fed’s plan of rate cuts. The GBP was the worst performer among major currencies, with GBP/USD remaining above its 50-day moving average. Gold underperformed, while Silver surged 3.5%.
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