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Hong Kong stocks jump by most in 6 weeks on Iran-Israel truce as oil slides

Upworthy Tuesday, 24 June 2025 ()
Hong Kong stocks rose by the most in six weeks amid a slide in global oil prices after US President Donald Trump claimed a tentative ceasefire between Iran and Israel, fuelling risk appetite and easing concerns about the disruption of global oil supply. The Hang Seng Index advanced 2 per cent to…
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Video Credit: Oneindia - Published
News video: Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next?

Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next? 03:37

Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as retaliation to U.S.-Israel attacks on Iranian nuclear sites. A closure would rattle global oil...

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