Shares slip, oil rises as investors weigh Iran risks
June 23, 2025 9:03 am
Shares slipped in Asia on Monday and oil prices briefly hit five-month highs as investors anxiously waited to see if Iran would retaliate against US
attacks on its nuclear sites, with resulting risks to global activity and inflation. Early moves were contained, with the dollar getting only a minor safe-haven bid and no sign of panic selling across markets. Oil prices were up around 2.8%, but off their initial peaks.
Iran weighs retaliation against US for strikes on nuclear sites
June 23, 2025 9:01 am
Iran and Israel traded air and missile strikes as the world braced on Monday for Tehran's response to the US attack on its nuclear sites and US President Donald Trump raised the idea of regime change in the Islamic republic. Iran vowed to defend itself on Sunday, a day after the US joined Israel in the biggest Western military action against the country since its 1979 Islamic Revolution, despite calls for restraint and a return to diplomacy from around the world. Commercial satellite imagery indicated the US attack on Saturday on Iran’s subterranean Fordow nuclear plant severely damaged or destroyed the deeply buried site and the uranium-enriching centrifuges it housed, but the status of the site remained unconfirmed, experts said.