A satellite image shows the Fordo nuclear facility in Iran in this handout image dated June 14, 2025. Maxar Technologies | Via ReutersU.S. President Donald Trump on Sunday disputed Iranian attempts to downplay the strikes on its nuclear facilities, stressing that “obliteration” was an accurate description, even though the full extent of the damage to Iran’s nuclear capabilities was not immediately clear.”Monumental Damage was done to all Nuclear sites in Iran, as shown by satellite images. Obliteration is an accurate term! The white structure shown is deeply imbedded into the rock, with even its roof well below ground level, and…
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Israel closes its airspace and suspended flight operations at Ben Gurion International Airport in Tel Aviv, Israel on June 13, 2025. Nir Keidar | Anadolu | Getty ImagesCommercial airlines around the world on Monday were weighing how long to suspend Middle East flights after the U.S. struck Iran.Singapore Airlines, one of the highest-profile in Asia, had called the situation “fluid” on Sunday as it cancelled flights from Singapore to Dubai following a security assessment.The Middle East route has become more important for flights between Europe and Asia since Russian and Ukrainian airspace closed due to war, but flight tracking website FlightRadar24 showed empty space over Iran, Iraq,…
Oil prices jumped more than 7% on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.Eli Hartman | ReutersOil markets are entering a new phase of uncertainty after the U.S. entered the war between Iran and Israel, with experts warning of triple-digit prices.Investors are closely watching for Iran’s reaction following the U.S.’ strikes on its nuclear facilities, with Iran’s foreign minister warning his country reserved “all options” to defend its sovereignty. Oil futures were up over 2% as of early Asia hours. U.S. WTI…
U.S. and Israeli flags projected on the historic walls of the Old City near Hebron Gate in Jerusalem, Israel, on June 22, 2025. Gazi Samad | Anadolu | Getty Images United States on Saturday conducted air strikes on three of Iran’s nuclear sites, entering Israel’s war against Tehran. The timing was unexpected. On Thursday, U.S. President Donald Trump said he was still considering U.S. involvement and would arrive at a decision “within the next two weeks.”Financial and political analysts had largely taken that phrase as code word for inaction.”There is also skepticism that the ‘two-week’ timetable is a too familiar…
The United Nations flag waves at the United Nations headquarters in New York City.Miguel J. Rodríguez Carrillo | Corbis News | Getty ImagesThe U.N. Security Council met on Sunday to discuss U.S. strikes on Iran’s nuclear sites as Russia, China and Pakistan proposed the 15-member body adopt a resolution calling for an immediate and unconditional ceasefire in the Middle East.”The bombing of Iranian nuclear facilities by the United States marks a perilous turn,” U.N. Secretary-General Antonio Guterres told the Security Council on Sunday. “We must act – immediately and decisively – to halt the fighting and return to serious, sustained…
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran.Getty Images | Getty Images News | Getty ImagesAsia-Pacific markets are set to plunge Monday, after the United States’ attack on three nuclear sites in Iran raised oil prices and investors’ fears of an escalation in the Middle East conflict.Oil prices have spiked in recent weeks following the increased tensions in the Middle East.Brent Crude was trading at $78.88 per barrel after surging 2.48%, as of 7.30 a.m. Singapore time, while the West Texas Intermediate crude added 2.48%…
As international investors pivot out of the U.S., another part of the world — and its bond market in particular — is gaining attention, according to Bank of America. The analysts pointed to Australia’s bond market as potential beneficiary of the dollar losing its safe haven status. Dedollarization Market volatility under U.S. President Donald Trump’s presidency has led some investors to diversify to other markets in 2025. Trump’s controversial trade policies sparked a “Sell America” trade earlier this year that raised questions about dedollarization as investors cashed out of U.S. Treasurys, Wall Street stocks and the greenback. The U.S. dollar…
Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets.Bitcoin dropped below the $99,000 mark on Sunday — its lowest point in more than a month — and ether was more than 10% lower at one point, as the digital asset market became the first to react to escalating geopolitical risk. Solana, XRP, and dogecoin also posted sharp losses, dragging the entire crypto complex deep into the red.Digital assets began to gain back ground late Sunday, with bitcoin trading just shy…
People watch from a bridge as flames from an Israeli attack rise from Sharan Oil depot, following Israeli strikes on Iran, in Tehran, Iran, June 15, 2025. Majid Asgaripour | Via ReutersOil futures jumped more than 2% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting a shadow over the supply outlook in the embattled oil-rich Middle Eastern region.U.S. crude oil on Sunday evening rose $1.76, or 2.38%, to $75.60 per barrel, while global benchmark Brent was up $1.80, or 2.34%, to $78.81 per barrel. Brent had jumped 5.7% to crack $81…
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on June 18, 2025. Timothy A. Clary | Afp | Getty ImagesStock futures fell ahead of Monday’s session after the United States entered Israel’s war against Iran over the weekend by striking three nuclear sites, a move by President Donald Trump that raised oil prices and risked a bigger conflict in the Middle East.Futures tied to the Dow Jones Industrial Average fell by 91 points, or 0.2%. S&P 500 futures shed 0.3% and Nasdaq 100 futures lost 0.4%.The U.S. launched attacks Saturday at Iranian…
