Author: Daniel snow

[ad_1] Cargo ships sail in the Gulf off the Iranian port city of Bandar Abbas, which is the main base of the Islamic republic’s navy and has a strategic position on the Strait of Hormuz, on April 29, 2019.ATTA KENARE | AFP | Getty ImagesIran may be threatening to close the Strait of Hormuz but experts told CNBC that it’s also the one with the most to lose.In major move after U.S. struck Iranian nuclear sites, the country’s parliament on Sunday reportedly approved the closure of the Strait of Hormuz, risking alienating its neighbors and trade partners.The decision to close…

[ad_1] Analysts react as markets brace for Iran response to US attack [ad_2] Source link

[ad_1] ARLINGTON, VIRGINIA – JUNE 22: An operational timeline of a strike on Iran is displayed during a news conference with Chairman of the Joint Chiefs of Staff Air Force Gen. Dan Caine and U.S. Defense Secretary Pete Hegseth at the Pentagon on June 22, 2025 in Arlington, Virginia. U.S. President Donald Trump gave an address to the nation last night after three Iranian nuclear facilities were struck by the U.S. military. (Photo by Andrew Harnik/Getty Images)Andrew Harnik | Getty Images News | Getty ImagesThe past 24 hours have been pivotal in the Israel-Iran conflict, with the U.S. entering the…

[ad_1] US Secretary of Defense Pete Hegseth holds a bilateral meeting with NATO Secretary General Mark Rutte (2nd L) at the Pentagon in Washington, DC, April 24, 2025. Brendan Smialowski | AFP | Getty ImagesFireworks could kick off during NATO’s annual summit this week, as the U.S. pushes its allies to sharply increase their defense spending to 5% of their gross domestic product (GDP).The 5% figure is made up of 3.5% of GDP that should be spent on “pure” defense, with an extra 1.5% of GDP going to security-related infrastructure, such as cyber warfare capabilities and intelligence. While some member…

[ad_1] Timothy A. Clary | Afp | Getty ImagesThe U.S. joining the war between Israel and Iran might seem like a geopolitical flashpoint that would send markets tumbling. Instead, investors are largely shrugging off the escalation, with many strategists believing the conflict to be contained — and even bullish for some risk assets.As of 1 p.m. Singapore time, the MSCI World index, which tracks over a thousand large and mid-cap companies from 23 developed markets, declined only 0.12%. Safe havens are also trading mixed, with the Japanese yen weakening 0.64% against the dollar, while spot gold prices slipped 0.23% to…

[ad_1] Asia FX weakens, dollar gains after US attacks Iran nuclear sites [ad_2] Source link

[ad_1] The drop isn’t as bad as some experts predicted—with Bitcoin hit the hardest. [ad_2] Source link

[ad_1] 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,…

[ad_1] 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.…

[ad_1] On the Iranian strikes, Trump said on Truth Social that the U.S. ‘took the bomb right out of [Iran’s] hands.’ [ad_2] Source link