International News 25 June 2025
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Iran-Israel Ceasefire Boosts Global Markets, Pressures Oil and Dollar
Global markets rallied after U.S. President Donald Trump announced a ceasefire between Iran and Israel, easing fears of oil supply disruption. Although the ceasefire has yet to be officially confirmed by both nations, crude oil prices fell nearly 4% to USD 66.24 per barrel—its lowest since June 11. The news triggered a surge in global equities, weakened the U.S. dollar, and strengthened the yen and euro. Investors scaled back expectations of imminent rate cuts from the Fed ahead of Jerome Powell’s congressional testimony. Meanwhile, the risk-on sentiment pushed spot gold down by 0.6% to USD 3,346 per troy ounce.
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Iran Threatens Hormuz Strait Closure, Oil Could Soar to USD 130
Tensions between Iran and Israel continue to escalate despite a unilateral ceasefire announcement by U.S. President Donald Trump—an announcement Iran denied and Israel has yet to acknowledge. A major threat looms as Iran may attempt to close the Strait of Hormuz, the world’s most critical oil chokepoint that handles 20% of global oil flow. This would not only disrupt global energy supply but also harm Iran’s own exports and its key trading partner, China. Analysts warn that a prolonged closure could spike oil prices to USD 120–130 per barrel, potentially triggering global inflation. Asia would bear the brunt of the impact, especially China, while the U.S. would be relatively insulated due to its low reliance on Persian Gulf oil imports.
Gold Prices Drop as Israel-Iran Ceasefire Eases Geopolitical Risk
Gold prices fell to a two-week low on Tuesday (June 24) following U.S. President Donald Trump’s announcement of a ceasefire between Israel and Iran, easing geopolitical tensions and reducing demand for safe-haven assets. Spot gold declined 0.9% to USD 3,338.39 per ounce, while U.S. gold futures dropped 1.2% to USD 3,352.60. Market focus also shifted to U.S. monetary policy, as Fed Vice Chair Michelle Bowman hinted at a possible rate cut, although investors await further clarity from Fed Chair Jerome Powell’s testimony. Other precious metals also saw declines, with silver, platinum, and palladium all closing lower.