From Yahoo Finance: 2025-06-16 07:32:00

1. World markets remained calm despite Israel and Iran exchanging fire, as oil prices slightly decreased from Friday’s peak. Iranian missiles hit Tel Aviv and Haifa, killing at least eight. Iran refuses ceasefire talks while under attack. A manhunt ended with the arrest of a suspect in the killing of a Minnesota lawmaker and her husband.
2. The U.S. is considering expanding travel restrictions to 36 more countries. Wall Street futures recovered, Asian and European stocks rallied, but Middle East bourses fell. U.S. Treasury yields held steady as the Federal Reserve prepares to release economic forecasts. Oil prices fell after hitting 4-month highs. Gold also retreated.
3. Iran vowed retaliation after Israel targeted its military command and nuclear sites. The UN declared Iran in breach of non-proliferation obligations. The conflict escalated with more extensive attacks, but oil production has not been significantly affected. The possibility of disruptions in the Strait of Hormuz raises concerns about global oil supply.
4. The G7 leaders are meeting to discuss the conflict, potential sanctions on Russia, and lowering the Russian oil cap. Central bank meetings this week include the Fed, BOJ, BOE, and SNB. China’s new home prices fell in May, extending a two-year stagnation. Monetary and fiscal support measures have not fully revived the sector.

Read more at Yahoo Finance: Markets calm as Israel-Iran war rages