Oil remains on edge – ING

FXStreetJun 17, 2025 10:14 AM

View all comments（0）



Oil prices are rising again after President Donald Trump called for the evacuation of Tehran, ING's commodity experts Ewa Manthey and Warren Patterson note.

Oil spikes as Trump calls for Tehran evacuation

"His comments, which stood in contrast with previous optimism that the Israel-Iran conflict wouldn’t escalate into a broader regional conflict in the Middle East, renewed volatility in financial markets. On Monday, there were reports that Iran had signalled that it wanted to deescalate hostilities with Israel and was willing to restart nuclear talks as long as the US doesn’t join the Israeli attack."

"The US President has cut short his G-7 visit, reportedly due to escalating tensions in the Middle East, which has sparked speculation about potential US involvement in the conflict. The market remains on edge with the biggest fear a potential blockage of the Strait of Hormuz, which would lead prices to soar further."

"Almost a third of global seaborne Oil trade moves through the Strait of Hormuz. So far, Oil-exporting infrastructure has been avoided and there has been no blockage of the Strait of Hormuz."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Japan, South Korea Stocks Rise in Early Trade; Samsung, SK Hynix Soar, SoftBank, Kioxia Track Gains

The KOSPI and Nikkei 225 both opened higher, led by gains in Samsung Electronics and SK Hynix, with SoftBank and Kioxia also tracking higher.

US Stocks Close: Nasdaq Rises Over 2%, Philadelphia Semiconductor Index Rises Over 3%; Tesla Rises Over 8%, Space Stocks, Tech Stocks Lead Gains

TradingKey - On Monday, June 29, Eastern Time, market sentiment rebounded as the US and Iran returned to the negotiating table, lifting all three major indices, with space and technology stocks leading the gains. At the close, the Dow Jones Industrial Average rose 0.59% to 52,182.74 points; the Nasdaq Composite Index gained 2.07% to 25,820.14 points; and the S&P 500 Index rose 1.18% to 7,440.43 points.

Nvidia Competitor Cerebras Rebounds Nearly 20%. Market Bets It Will Benefit From HBM Shortages, Citi Sees 90% Upside for Stock

TradingKey — On June 29, Eastern Time, Cerebras Systems (CBRS) surged more than 20% at one point. As of press time, it was up 19.36% at $216.75. The latest holdings of Cathie Wood, CEO and CIO of ARK Invest, show that she added over 20,000 shares of CBRS stock last Friday, reflecting her continued optimism in the AI chip sector. Notably, the AI chipmaker, which is regarded as a competitor to Nvidia, has seen its stock price plunge about 40% since its listing, hitting an all-time low of $160.81 last Friday.

Tesla Stock Rises 5% to Reclaim $400 Mark; Musk Claims New AI Surpasses Claude, Morgan Stanley Raises Q2 Delivery Estimates

TradingKey - On June 29, Eastern Time, Tesla (TSLA) shares reclaimed the $400 mark, rising 5.83% to $401.84 as of press time. Tesla is scheduled to release its second-quarter delivery report this week, with Wall Street investment banks expecting deliveries to beat market expectations.

Japan and South Korea Stocks Open Lower; KOSPI Tumbles 3% to Lead Asian Tech Stocks, Samsung Electronics, SK Hynix and SoftBank Pull Back in Tandem

The KOSPI and Nikkei 225 indices continued to pull back, as Samsung Electronics, SK Hynix, SoftBank, and Kioxia fell across the board.

Featured Tools