After fall 7% monday, oil: This article explores the topic in depth.
However,
After fall 7% monday. Consequently, oil:
The markets anticipate the end of hostilities while Donald Trump ensures that a cease-fire has been concluded.
The prices of black gold continued to decrease. Furthermore, in the night of Monday to Tuesday, June 24, after having already unscrewed by more than 7% on Monday, the operators were finally relieved after the attack by Iran of a base of the United States in Qatar and the announcement of a cease-fire by Donald Trump.
The prices of oil fell by more than 5% at the end of Asian exchanges. Meanwhile, after the acceptance by Israel of the proposal for “ceasefire bilateral” with Iran previously announced by US President Donald Trump.
Around 6:35 a.m. Consequently, GMT (8:35 am French time), the price of the Brent of the Brent of the North Sea tumbled up to 5.02% to 67.89 dollars, and that of the barrel of American WTI unscrewed after fall 7% monday, oil from 5.21% to 64.94 dollars.
In this context, the plunge of oil prices reassured investors, somewhat soothing their persistent concerns about economic conditions.
On the Tokyo Stock Exchange, the Nikkei star index climbed 1.10% to 38,766 points and the widen Topix index from 0.76% to 2,782 points. Therefore, The Seoul Stock Exchange jumped 2.46%, Sydney by 1.12%, Taipei won 1.92%. The Hong Kong Hang Seng index increased by 1.64%.
Concerns about an escalation of the conflict in the Middle East having attenuated since Monday. the traditional refuges values ​​were losing their brilliance. At 4:30 am, gold fell 0.66% to 3.346 dollars perce.
“Ceasefire” – After fall 7% monday, oil
US President Donald Trump announced late Monday. June 23 that Iran and Israel had accepted a cease-fire to end what we could now call “12-day war”.
“This is the end of the war. It is a big victory for Israel and for the world,” Trump told the American media after fall 7% monday, oil Axios on Monday evening.
“It was fully agreed by. between Israel and Iran that there would be a complete and total ceasefire,” wrote Donald Trump on his Truth Social network.
A ceasefire which. according to his message, is due to come into force Tuesday at 6:00 am Paris time, and take place over 24 hours in two stages, Iran initially stopping all its operations before Israel did the same 12 hours later.
According to AFP. Tehran clarified that there was “no agreement” at this stage, but that he had “not intended” to continue his strikes if Israel “arrested” his offensives.
For its part, Israel has not officially confirmed this announcement, which occurs after successive waves of reciprocal strikes.
A few hours after the American president’s message. a series of explosions rocked Tehran, the most violent since the start of the war against Israel on June 13, AFP said.
Moderate reprisals from Iran
The market initially after fall 7% monday, oil anticipated heavier reprisals. alarming possible disturbances in maritime traffic in the Strait of Ormuz, off Iran, where 20% of global oil production go.
“Tehran played the card of prudence. Their reprisals are noisy enough to make the headlines. but sufficiently discreet not to shake the foundations of the oil market: the tank traffic lanes have remained open, no threat to Ormuz,” commented Stephen Innes, of Spi Asset Management.
“Once it has become clear. the war bonus (which had recently made oil prices flambé) has passed out, while the stock markets shed the end of the alert and support the accelerator,” he continues.
In addition. global demand remains under pressure, limited by the economic uncertainties linked in particular to the trade war, and the planetary supply of black gold remains overabundant: high stocks, large available reserve capacities of OPEC+ and strong production of American shale gas.
Further reading: The United States struck by an “extreme” heat wave – United States: a judge orders the release of Mahmoud Khalil – Ukraine and United Kingdom will strengthen their military cooperation on drone production – “Another massive attack” of drones on Kyïv in Ukraine – LIVE-Israel-Iran: Trump announces a ceasefire, Salve Nocturn of Iranian missiles in Israel.
