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Time of India
15 hours ago
- Business
- Time of India
Iran-Israel conflict: Oil prices resume upward climb, Asian stocks mixed amid Israel's 'evacuate' warning to residents of Tehran
AI-generated image Oil prices resumed their upward climb and US futures were lower early Tuesday after Israel's military issued an "evacuation warning" for Iran's capital Tehran amid continuing military hostilities between the two Asian rivals. The futures for the S&P 500 and the Dow Jones Industrial Average were down 0.3 per cent. In Asia, Tokyo's Nikkei 225 index climbed 0.6 per cent to 38,547.56 as the Japanese central bank opted to keep its key interest rate unchanged at 0.5 per cent. Chinese shares edged lower, as the Shanghai Composite index declined 0.2 per cent to 3,382.14. In Hong Kong, the Hang Seng slipped 0.1 per cent to 24,038.56, while South Korea's Kospi gained 0.4 per cent to 2,956.88. Taiwan's Taiex also gained, rising 0.6 per cent, and in Bangkok the SET was little changed. Meanwhile, in Australia, the S&P/ASX 500 gave up 0.1 per cent to 8,543.60. Israel-Iran conflict to cause spike in global gasoline prices? As Israel and Iran attack each other, the fear remains that a wider war could limit the flow of Iran's oil to its customers. That in turn could raise gasoline prices worldwide and keep them high, though spikes in prices from previous conflicts have been brief. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now Undo Crude jumped 7 per cent late last week after Israel's attack on Iranian nuclear and military targets. Early Tuesday, US benchmark crude oil gained 31 cents to $72.08 per barrel, while Brent crude, the international standard, was up 33 cents at $73.56 per barrel. Israel's latest evacuation warning was for a part of Tehran, a city of 9.5 million which houses the Islamic Republic's state TV, city police headquarters and three large hospitals, including one owned by the paramilitary Revolutionary Guard. US President Donald Trump announced he was returning from the G7 summit in Canada a day early due to the intensifying conflict. Not the only concern for investors However, investors have other concerns as well, key among them Trump's tariffs, which still threaten to slow the American economy and raise inflation if Washington doesn't win trade deals with other countries. The spectre of tariffs was looming over the meeting of the Group of Seven meeting of major economies in Canada. Additionally, on Wednesday, the US Federal Reserve is set to discuss whether to lower or raise interest rates. (With AP inputs) Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Upturn
15 hours ago
- Business
- Business Upturn
Asian Stock Markets Update: Nikkei up 0.53%, Hang Seng down 0.25%, KOSPI down 0.11% amid BoJ decision
By Aditya Bhagchandani Published on June 17, 2025, 10:56 IST Major Asia-Pacific stock indexes traded largely in the red on Tuesday morning, as investors reacted to the Bank of Japan's (BoJ) decision to hold interest rates steady at 0.5%. The cautious market sentiment was further dampened by reports that the European Union has cancelled its planned economic summit with China for this year, according to the Financial Times. At 10:55 AM IST, Japan's Nikkei 225 bucked the regional trend, rising 0.53% or 202.7 points. Taiwan's index also posted gains of 0.43%, while Singapore's STI rose 0.39%. Other indexes ended mixed. Major Index Movements (as of 10:55 AM IST): Nikkei 225: 38,514.03 ▲ +202.7 (+0.53%) Hang Seng (HSI): 24,001.15 ▼ -59.84 (-0.25%) Shanghai Composite: 3,383.01 ▼ -5.72 (-0.17%) Shenzhen Composite: 10,151.33 ▼ -12.22 (-0.12%) Kospi: 2,943.35 ▼ -3.31 (-0.11%) ASX 200: 8,532.3 ▼ -16.1 (-0.19%) Nifty 50: 24,904 ▼ -42.5 (-0.17%) While some tech-heavy and export-focused markets showed resilience, the broader regional outlook remains cautious amid global geopolitical and trade uncertainties. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Washington Post
16 hours ago
- Business
- Washington Post
Oil prices rise and US futures fall as Israel urges residents of Iran's capital to evacuate
BANGKOK — Oil prices resumed their upward climb and U.S. futures were lower early Tuesday after Israel's military issued an evacuation warning to 330,000 people in Iran's capital Tehran. Asian shares were mixed. The evacuation warning was for a part of Tehran, a city of 9.5 million, that houses the country's state TV and police headquarters and three large hospitals, including one owned by Iran's paramilitary Revolutionary Guard. U.S. President Donald Trump announced he was returning from the G7 summit in Canada a day early due to the intensifying conflict. The futures for the S&P 500 and the Dow Jones Industrial Average were down 0.3%. In Asia, Tokyo's Nikkei 225 index climbing 0.6% to 38,547.56 as the Japanese central bank opted to keep its key interest rate unchanged at 0.5%. The Bank of Japan has been gradually raising its rate from near zero and cutting back on its purchases of Japanese government bonds and other assets to help counter inflation. It said economic growth was likely to moderate and there was some weakness in consumer sentiment, housing investment. 'In particular, it is extremely uncertain how trade and policies in each jurisdiction will evolve and how overseas activity and prices will react to them,' the BOJ's statement said. Chinese shares edged lower. In Hong Kong, the Hang Seng slipped 0.1% to 24,038.56. The Shanghai Composite index declined 0.2% to 3,382.14. In South Korea, the Kospi gained 0.4% to 2,956.88. Australia's S&P/ASX 500 gave up 0.1% to 8,543.60. Taiwan's Taiex gained 0.6% and in Bangkok the SET was little changed. As Israel and Iran attack each other the fear remains that a wider war could constrict the flow of Iran's oil to its customers. That in turn could raise gasoline prices worldwide and keep them high, though spikes in prices from previous conflicts have been brief. Crude jumped 7% late last week after Israel's attack on Iranian nuclear and military targets . Early Tuesday, U.S. benchmark crude oil gained 31 cents to $72.08 per barrel, while Brent crude, the international standard, was up 33 cents at $73.56 per barrel. On Monday, the mood was calm on Wall Street, as the S&P 500 climbed 0.9% to reclaim most of its drop from Friday . It closed at 6,033.11. The Dow Jones Industrial Average added 0.8% to 42,515.09, and the Nasdaq composite gained 1.5% to 19,701.21. U.S. Steel rose 5.1% after Trump signed an executive order on Friday paving the way for an investment in the company by Japan's Nippon Steel. Trump would have unique influence over the operations of U.S. Steel under the terms of the deal. They helped offset drops for defense contractors, which gave back some of their jumps from Friday. Lockheed Martin fell 4%, and Northrop Grumman sank 3.7%. The price of gold receded after jumping on Friday, when investors were looking for someplace safe to park their cash . An ounce of gold fell $14.60 to $3,402.40 per ounce. Investors have other concerns, key among them Donald Trump's tariffs , which still threaten to slow the U.S. economy and raise inflation if Washington doesn't win trade deals with other countries. The specter of tariffs was looming over the meeting of the Group of Seven meeting of major economies in Canada. Later this week, the Federal Reserve is set to discuss whether to lower or raise interest rates, with the decision due on Wednesday. The nearly unanimous expectation among traders and economists is that the Fed will stand pat. The Federal Reserve has hesitated to lower interest rates after one cut late last year. It is waiting to see how much Trump's tariffs will hurt the economy and raise inflation , which has remained tame recently, and is near the Fed's 2% target. More important for financial markets on Wednesday will likely be forecasts for where Fed officials they see the economy and interest rates heading in upcoming years. In other dealings early Tuesday, the U.S. dollar fell to 144.59 Japanese yen from 144.75 yen. The euro rose to $1.1564 from $1.1562. ___ AP Business Writer Stan Choe contributed.
The Independent
16 hours ago
- Business
- The Independent
Oil prices rise and US futures fall as Israel urges residents of Iran's capital to evacuate
Oil prices resumed their upward climb and U.S. futures were lower early Tuesday after Israel's military issued an evacuation warning to 330,000 people in Iran's capital Tehran. Asian shares were mixed. The evacuation warning was for a part of Tehran, a city of 9.5 million, that houses the country's state TV and police headquarters and three large hospitals, including one owned by Iran's paramilitary Revolutionary Guard. U.S. President Donald Trump announced he was returning from the G7 summit in Canada a day early due to the intensifying conflict. The futures for the S&P 500 and the Dow Jones Industrial Average were down 0.3%. In Asia, Tokyo's Nikkei 225 index climbing 0.6% to 38,547.56 as the Japanese central bank opted to keep its key interest rate unchanged at 0.5%. The Bank of Japan has been gradually raising its rate from near zero and cutting back on its purchases of Japanese government bonds and other assets to help counter inflation. It said economic growth was likely to moderate and there was some weakness in consumer sentiment, housing investment. 'In particular, it is extremely uncertain how trade and policies in each jurisdiction will evolve and how overseas activity and prices will react to them,' the BOJ's statement said. Chinese shares edged lower. In Hong Kong, the Hang Seng slipped 0.1% to 24,038.56. The Shanghai Composite index declined 0.2% to 3,382.14. In South Korea, the Kospi gained 0.4% to 2,956.88. Australia's S&P/ASX 500 gave up 0.1% to 8,543.60. Taiwan's Taiex gained 0.6% and in Bangkok the SET was little changed. As Israel and Iran attack each other the fear remains that a wider war could constrict the flow of Iran's oil to its customers. That in turn could raise gasoline prices worldwide and keep them high, though spikes in prices from previous conflicts have been brief. Crude jumped 7% late last week after Israel's attack on Iranian nuclear and military targets. Early Tuesday, U.S. benchmark crude oil gained 31 cents to $72.08 per barrel, while Brent crude, the international standard, was up 33 cents at $73.56 per barrel. On Monday, the mood was calm on Wall Street, as the S&P 500 climbed 0.9% to reclaim most of its drop from Friday. It closed at 6,033.11. The Dow Jones Industrial Average added 0.8% to 42,515.09, and the Nasdaq composite gained 1.5% to 19,701.21. U.S. Steel rose 5.1% after Trump signed an executive order on Friday paving the way for an investment in the company by Japan's Nippon Steel. Trump would have unique influence over the operations of U.S. Steel under the terms of the deal. They helped offset drops for defense contractors, which gave back some of their jumps from Friday. Lockheed Martin fell 4%, and Northrop Grumman sank 3.7%. The price of gold receded after jumping on Friday, when investors were looking for someplace safe to park their cash. An ounce of gold fell $14.60 to $3,402.40 per ounce. Investors have other concerns, key among them Donald Trump's tariffs, which still threaten to slow the U.S. economy and raise inflation if Washington doesn't win trade deals with other countries. The specter of tariffs was looming over the meeting of the Group of Seven meeting of major economies in Canada. Later this week, the Federal Reserve is set to discuss whether to lower or raise interest rates, with the decision due on Wednesday. The nearly unanimous expectation among traders and economists is that the Fed will stand pat. The Federal Reserve has hesitated to lower interest rates after one cut late last year. It is waiting to see how much Trump's tariffs will hurt the economy and raise inflation, which has remained tame recently, and is near the Fed's 2% target. More important for financial markets on Wednesday will likely be forecasts for where Fed officials they see the economy and interest rates heading in upcoming years. In other dealings early Tuesday, the U.S. dollar fell to 144.59 Japanese yen from 144.75 yen. The euro rose to $1.1564 from $1.1562. ___ AP Business Writer Stan Choe contributed.
Yahoo
16 hours ago
- Business
- Yahoo
Oil prices rise and US futures fall as Israel urges residents of Iran's capital to evacuate
BANGKOK (AP) — Oil prices resumed their upward climb and U.S. futures were lower early Tuesday after Israel's military issued an evacuation warning to 330,000 people in Iran's capital Tehran. Asian shares were mixed. The evacuation warning was for a part of Tehran, a city of 9.5 million, that houses the country's state TV and police headquarters and three large hospitals, including one owned by Iran's paramilitary Revolutionary Guard. U.S. President Donald Trump announced he was returning from the G7 summit in Canada a day early due to the intensifying conflict. The futures for the S&P 500 and the Dow Jones Industrial Average were down 0.3%. In Asia, Tokyo's Nikkei 225 index climbing 0.6% to 38,547.56 as the Japanese central bank opted to keep its key interest rate unchanged at 0.5%. The Bank of Japan has been gradually raising its rate from near zero and cutting back on its purchases of Japanese government bonds and other assets to help counter inflation. It said economic growth was likely to moderate and there was some weakness in consumer sentiment, housing investment. 'In particular, it is extremely uncertain how trade and policies in each jurisdiction will evolve and how overseas activity and prices will react to them,' the BOJ's statement said. Chinese shares edged lower. In Hong Kong, the Hang Seng slipped 0.1% to 24,038.56. The Shanghai Composite index declined 0.2% to 3,382.14. In South Korea, the Kospi gained 0.4% to 2,956.88. Australia's S&P/ASX 500 gave up 0.1% to 8,543.60. Taiwan's Taiex gained 0.6% and in Bangkok the SET was little changed. As Israel and Iran attack each other the fear remains that a wider war could constrict the flow of Iran's oil to its customers. That in turn could raise gasoline prices worldwide and keep them high, though spikes in prices from previous conflicts have been brief. Crude jumped 7% late last week after Israel's attack on Iranian nuclear and military targets. Early Tuesday, U.S. benchmark crude oil gained 31 cents to $72.08 per barrel, while Brent crude, the international standard, was up 33 cents at $73.56 per barrel. On Monday, the mood was calm on Wall Street, as the S&P 500 climbed 0.9% to reclaim most of its drop from Friday. It closed at 6,033.11. The Dow Jones Industrial Average added 0.8% to 42,515.09, and the Nasdaq composite gained 1.5% to 19,701.21. U.S. Steel rose 5.1% after Trump signed an executive order on Friday paving the way for an investment in the company by Japan's Nippon Steel. Trump would have unique influence over the operations of U.S. Steel under the terms of the deal. They helped offset drops for defense contractors, which gave back some of their jumps from Friday. Lockheed Martin fell 4%, and Northrop Grumman sank 3.7%. The price of gold receded after jumping on Friday, when investors were looking for someplace safe to park their cash. An ounce of gold fell $14.60 to $3,402.40 per ounce. Investors have other concerns, key among them Donald Trump's tariffs, which still threaten to slow the U.S. economy and raise inflation if Washington doesn't win trade deals with other countries. The specter of tariffs was looming over the meeting of the Group of Seven meeting of major economies in Canada. Later this week, the Federal Reserve is set to discuss whether to lower or raise interest rates, with the decision due on Wednesday. The nearly unanimous expectation among traders and economists is that the Fed will stand pat. The Federal Reserve has hesitated to lower interest rates after one cut late last year. It is waiting to see how much Trump's tariffs will hurt the economy and raise inflation, which has remained tame recently, and is near the Fed's 2% target. More important for financial markets on Wednesday will likely be forecasts for where Fed officials they see the economy and interest rates heading in upcoming years. In other dealings early Tuesday, the U.S. dollar fell to 144.59 Japanese yen from 144.75 yen. The euro rose to $1.1564 from $1.1562. ___ AP Business Writer Stan Choe contributed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
