Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news Asian Markets Show Variability as Oil Prices Rise Amid Escalating Israel-Iran Tension
  • Local news

Asian Markets Show Variability as Oil Prices Rise Amid Escalating Israel-Iran Tension

    Asian shares are mixed and oil prices advance as Israel-Iran crisis escalates
    Up next
    Tasmania Police officer stock image
    Police Officer Fatally Shot at Rural Property in Tasmania
    Published on 16 June 2025
    Author
    Internewscast
    Tags
    • advance,
    • and,
    • ARE,
    • asian,
    • Business,
    • crisis,
    • Donald Trump,
    • escalates,
    • IsraelIran,
    • mixed,
    • Oil,
    • prices,
    • Shares,
    • U.S. news,
    • world news
    Share this @internewscast.com
    FacebookXRedditPinterest

    HONG KONG – Asian stock markets showed a varied performance on Monday, while oil prices continued to climb amid concerns that rising tensions between Iran and Israel might disrupt global crude supplies.

    U.S. benchmark crude oil added 20 cents to $73.18 per barrel. Brent crude, the international standard, gained 95 cents to $75.18 per barrel.

    In share trading, Tokyo’s Nikkei 225 added 1.3% to 38,307.74, while the Kospi in Seoul gained 0.9% to 2,920.57.

    Chinese markets saw minimal fluctuations after May’s data revealed a boost in consumer spending but declines in industrial activity and investments. Retail sales experienced a 6.1% rise compared to the previous year, but this was counteracted by a lower-than-anticipated growth in industrial output, which increased by 5.8% year-on-year.

    Hong Kong’s Hang Seng fell 0.1% to 23,864.20 and the Shanghai Composite Index added less than 0.1% to 3,378.78.

    Australia’s S&P/ASX 200 fell 0.2% to 8,547.40.

    On Friday, oil prices jumped and stocks slumped after Israel’s attack on Iranian nuclear and military targets.

    The S&P 500 sank 1.1% to 5,976.97. The Dow Jones Industrial Average dropped 1.8% to 42,197.79, and the Nasdaq composite lost 1.3% to 19,406.83.

    The most significant activity was observed in the oil sector, where both U.S. benchmark crude and Brent crude, the global standard, witnessed a surge exceeding 7%.

    Iran is one of the world’s major producers of oil, though sanctions by Western countries have limited its sales. If a wider war erupts, it could slow the flow of Iran’s oil to its customers and keep the price of crude and gasoline higher for everyone worldwide.

    Beyond the oil coming from Iran, analysts also pointed to the potential for disruptions in the Strait of Hormuz, a relatively narrow waterway off Iran’s coast. Much of the world’s oil that’s been pulled from the ground moves through it on ships.

    Companies that use a lot of fuel as part of their business and need their customers feeling confident enough to travel suffered some of the sharpest losses. Cruise operator Carnival dropped 4.9%. United Airlines sank 4.4%, and Norwegian Cruise Line Holdings fell 5%.

    They helped overshadow gains for U.S. oil producers and other companies that could benefit from increased fighting between Israel and Iran.

    Exxon Mobil rose 2.2%, and ConocoPhillips gained 2.4% because the leaping price of crude portends bigger profits for them.

    Contractors that make weapons and defense equipment also rallied. Lockheed Martin, Northrop Grumman and RTX all rose more than 3%.

    The price of gold climbed as investors searched for safer places to park their cash. An ounce of gold added 1.4% on Friday and was holding steady early Monday.

    Prices for Treasury bonds will likewise rise when investors are feeling nervous, but Treasury prices fell Friday, which in turn pushed up their yields, in part because of worries that a spike in oil prices could drive inflation higher.

    Inflation has remained relatively tame recently, and it’s near the Federal Reserve’s target of 2%, but worries are high that it could be set to accelerate because of President Donald Trump’s tariffs.

    A better-than-expected report Friday on sentiment among U.S. consumers also helped drive yields higher. The preliminary report from the University of Michigan said sentiment improved for the first time in six months after Trump put many of his tariffs on pause, while U.S. consumers’ expectations for coming inflation eased.

    On Wall Street, Adobe fell 5.3% even though the company behind Photoshop reported a stronger profit for the latest quarter than Wall Street expected. Analysts called it a solid performance but said investors may have been looking for some bigger revenue forecasts for the upcoming year.

    In currency trading early Monday, the U.S. dollar gained to 144.37 Japanese yen from 144.03 yen. The euro rose to $1.1537 from $1.1533.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like
    D4vd's family home rushed by cops in swatting: Report
    • Local news

    Police Respond to Swatting Incident at D4vd’s Family Residence: Report

    () Relatives of singer D4vd were on the receiving end of a…
    • Internewscast
    • October 1, 2025

    Hilton Horizons Academy Seeks to Enhance Learning for Homeschooled Students

    Last year in Kingsport, Tennessee, Candice Hilton opted to homeschool her daughter,…
    • Internewscast
    • October 2, 2025
    No tricks, just treats: Champaign Co. announces trick-or-treat hours
    • Local news

    Champaign Co. Reveals Trick-or-Treat Hours: All Treats, No Tricks!

    CHAMPAIGN COUNTY, Ill. (WCIA) — No, this isn’t a trick! Champaign, Urbana,…
    • Internewscast
    • October 1, 2025
    Israel intercepts flotilla carrying aid to Gaza
    • Local news

    Israel Stops Flotilla Delivering Aid to Gaza

    IE 11 is not supported. For the best experience, please visit our…
    • Internewscast
    • October 2, 2025
    Jane Goodall, renowned chimpanzee researcher and animal advocate, dies at 91
    • Local news

    Celebrating the Legacy of Jane Goodall: Renowned Chimpanzee Researcher and Animal Advocate Passes at 91

    Dr. Jane Goodall, recognized as a passionate animal advocate and esteemed chimpanzee…
    • Internewscast
    • October 1, 2025
    Spirit Airlines announces furloughs of nearly 800 Florida flight attendants, workers
    • Local news

    Spirit Airlines to Furlough Nearly 800 Flight Attendants and Workers in Florida

    Last week, Spirit Airlines made public its plan to temporarily lay off…
    • Internewscast
    • October 1, 2025
    BMW recalls over 145K vehicles over fire risk from overheated starters
    • Local news

    BMW Issues Recall for Over 145,000 Vehicles Due to Fire Hazard from Overheating Starters

    (The Hill) – Over 145,000 BMW vehicles have been recalled due to…
    • Internewscast
    • October 2, 2025
    Statesboro continues growth, adds Home Goods
    • Local news

    Home Goods Opens in Statesboro Amid Ongoing Growth

    STATESBORO, Ga. () — Statesboro and Bulloch County continue to see growth,…
    • Internewscast
    • October 1, 2025
    Fired Surface Transportation Board member sues Trump over his dismissal ahead of rail merger review
    • Local news

    Dismissed Surface Transportation Board Member Files Lawsuit Against Trump Over Premature Termination Before Rail Merger Review

    A Democratic member of the U.S. Surface Transportation Board, who was dismissed…
    • Internewscast
    • October 1, 2025
    Liberty County football off to 5-1 start
    • Local news

    Liberty County Football Kicks Off Season with 5-1 Record

    HINESVILLE, Ga. () — The Liberty County Football team is enjoying a…
    • Internewscast
    • October 2, 2025
    Listeria outbreak linked to prepared pasta meals results in 4 deaths
    • Local news

    Prepared Pasta Meals Linked to Listeria Outbreak Cause 4 Fatalities

    (NewsNation) — Four individuals have passed away and 19 others have been…
    • Internewscast
    • October 1, 2025
    'Wheel of Fortune' player becomes biggest winner in show's history
    • Local news

    ‘Wheel of Fortune’ Contestant Sets Record for Highest Winnings Ever on the Show

    STAMFORD, Conn. (WTNH) — A Connecticut woman set a record on “Wheel…
    • Internewscast
    • October 1, 2025
    Retailers starting to feel pinch of penny shortage
    • Local news

    Retailers Begin to Experience Impact of Penny Shortage

    OKLAHOMA CITY (KFOR) — For some outlets of a certain convenience store…
    • Internewscast
    • October 2, 2025
    Democrats launch livestream that attracts 'just a few dozen' viewers
    • News

    Democrats’ livestream draws only a small audience.

    The Democrat party faced criticism after a shutdown livestream attracted only a few…
    • Internewscast
    • October 2, 2025
    Former University of Kentucky athlete competed months before police allegedly found dead infant in closet
    • US

    Former Kentucky student-athlete faces charges in infant’s death after reportedly hearing ‘whimper’ before concealing him in closet: authorities

    The former University of Kentucky student-athlete accused of concealing her deceased…
    • Internewscast
    • October 2, 2025
    Government shutdown likely to impact air travelers first, USF professor says
    • Local news

    USF Professor Predicts Immediate Impact on Air Travelers from Government Shutdown

    This time of year, golf enthusiasts are drawn to Tampa Bay. On…
    • Internewscast
    • October 2, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.