Middle East tensions ease after Iran missile attack, reducing recession fears.

From Investing.com: 2025-06-24 03:14:00

Iran launched a missile attack on the US military’s Al Udeid Air Base in Qatar in retaliation for US airstrikes on Iranian nuclear facilities. The attack involved short- and medium-range ballistic missiles, with no reported casualties as Qatar’s air defenses intercepted most of them. President Trump thanked Iran for giving advance notice of the strike. Stock prices rallied on the news, reducing the odds of Iran blocking the Strait of Hormuz. The odds of a US recession in 2025 decreased, and a ceasefire between Israel and Iran was announced. Oil prices fell, and Fed officials discussed cutting interest rates to support the labor market.



Read more at Investing.com: Markets Cut Recession Bets as Middle East Tensions Cool