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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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Video Credit: Oneindia - Published
News video: Iran’s Supreme Leader Fires Back at Trump’s Threat — Responds with More Ballistic Missiles on Israel

Iran’s Supreme Leader Fires Back at Trump’s Threat — Responds with More Ballistic Missiles on Israel 03:28

Tensions in the Middle East have exploded into full-scale war. Just hours after U.S. President Donald Trump threatened Iran’s Supreme Leader Ayatollah Ali Khamenei — claiming the U.S. knew his exact location — Khamenei issued a chilling response: “We will show the Zionists no...

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