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Asian markets drift as Trump mulls Iran strike, oil rises 4% this week; BOJ faces rate hike pressure

IndiaTimes Friday, 20 June 2025
Asian markets displayed uncertainty amid escalating US-Iran tensions and potential military action. Oil prices are poised for a third weekly gain despite a Friday dip, fueled by the conflict between Israel and Iran. While the People's Bank of China held rates steady, Japan's rising inflation puts pressure on its central bank, and global central banks are diverging on monetary policy.
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News video: Trump LIVE: Demands Iran’s Unconditional Surrender|Urgent Address Sparks Fear of US Strike on Tehran

Trump LIVE: Demands Iran’s Unconditional Surrender|Urgent Address Sparks Fear of US Strike on Tehran 12:56

 In a dramatic escalation of the Iran-Israel conflict, Iran has launched what is being called its most devastating strike yet—targeting Israel’s prestigious Weizmann Institute of Science. Satellite imagery and local reports confirm major destruction at the research hub, known as Israel’s...

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