From Investing.com: 2025-06-16 05:45:00

Tensions between Israel and Iran continue to escalate, raising fears of a broader regional crisis in the Middle East. Geopolitical risk premium boosts oil prices, with crude reaching a six-month high of US$73.08 per barrel. US President Trump warns of potential US involvement in the conflict, increasing market anxiety and risk premium for equities. Despite this, Asian stock markets show resilience, driven by better-than-expected economic data from China indicating signs of recovery. The US dollar remains below resistance, while gold sees profit-taking after a recent climb. Hong Kong 33 CFD Index shows potential bullish reversal.



Read more at Investing.com: Oil Extends Rally as Israel-Iran Tensions Fuel Fresh Supply Shock Concerns