Iran, Israel and India
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Israel and Iran continue to fire a volley of missiles and drones at one another, targeting energy infrastructure as well as residential areas. The conflict, which has killed over 220 people so far since Friday (June 13),
Markets, as always, are focusing on what they can most easily quantify — the oil price. The consensus, which seems sensible to us, is that while prices might go higher from here, the chance of a big spiralling increase is quite low.
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Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of the Israel–Iranian war.
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India Today on MSNGold price rises amid Israel-Iran tensions: Should you buy now or wait?Gold prices are rising again as global tensions heat up and markets turn cautious. With rates inching higher, should you be buying gold or waiting it out?
European Commission President Ursula von der Leyen and President Trump spoke on the phone Saturday ahead of the G-7 Summit in Canada next week. According to von der Leyen, the two discussed "the tense
Crude oil prices spiked over 10 percent on June 13, marking their steepest weekly rise since 2022 as Israel conducted strikes on key Iranian installations.
EUR/USD extends its losses for the second successive session, trading around 1.1540 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) gains ground amid rising safe-haven demand as geopolitical tensions escalate in the Middle East.