From Investing.com: 2025-06-16 08:28:00

Oil prices experienced volatility on Monday, opening 4% higher then reversing due to Israel-Iran tensions. Last week, prices surged 12% over fears of regional oil supply disruptions. Despite easing from multi-month highs, concerns remain about the impact on the oil market if the conflict escalates. OPEC has spare capacity equal to Iran’s output, calming markets. In technical analysis, oil is below resistance at 77.60, with support at 72.50. USD/JPY remains at 144 ahead of central bank decisions, with the BOJ expected to maintain rates and the Fed likely to hold at 2.25-2.5%. Technical analysis shows USD/JPY range-bound between 146 and 142.



Read more at Investing.com: Oil Retreats as Markets Bet Strait of Hormuz Will Stay Open