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Oil prices spike on Trump's threat to Iran, then level off, Asian equities slip amid geopolitical jitters

IndiaTimes Wednesday, 18 June 2025
Oil prices stabilised on Wednesday after a surge fueled by fears of escalating US-Iran conflict, triggered by President Trump's aggressive statements and potential Israeli strikes. Concerns about disrupted crude supplies through the Strait of Hormuz heightened market volatility. Asian equities reflected investor anxiety, while weak US economic data raised speculation about potential Federal Reserve interest rate cuts amidst geopolitical uncertainties.
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