IMF chief warns of broader risks from US strikes on Iran, after oil hits five-month high – business live | Business
Introduction: Oil is falling five months in the middle of the Iranian crisis
Hello, and welcome to our hilly coverage of business, financial markets and the world economy.
The price of oil has reached its highest level since January, after the United States bombed Iran’s nuclear installations during the weekend.
The merchants are in a much risky mood, because they assess the chances of an additional escalation in the Middle East and reflect on possible Iranian reprisals. But there is no full panic in the markets.
There was an early jump in the price of oil when the new week of negotiation began; Brut prices have jumped by more than 4%, pushing a barrel of crude brent to a five -month higher $ 81.40 per barrel.
But… it is back before even the merchants of the city of London reach their office, and is now up 1.7% to $ 78.32 per barrel.
Yesterday, the Iranian Parliament voted to close the Hormuz Strait, although a fifth of world oil was transported. If this happened, it could create a supply shock that increases the price of energy, fueling inflation and injuring growth.
In response, Marco RubioThe US Secretary of State warned that he would be “economic suicide” for Iran to close the Strait and urged China to influence Tehran on this point.
Rubio told Fox News:
“I encourage the Chinese government in Beijing to call them on this subject, because they depend strongly on the Hormuz Strait for their oil.”
Holger Schmieding, Chief economist at Berenberg BankSaid that Hormuz Strait is “the key economic risk to monitor”. But, he also maintains that an prolonged disruption of energy flows in the Gulf region “seems unlikely”, because trying to strangle energy exports would be a high -risk strategy for Tehran.
Schmmeding said to customers this morning:
For more than two decades, the Iranian regime sought to destabilize various parts of the Middle East. In itself, a big setback to Iran’s apparent attempt to acquire nuclear weapons should count as positive.
In the short term, the United States “One of” strikes three Iranian nuclear installations increase geopolitical risks in the region at a new level. The markets will probably go into “Risk Off” mode because they await the Iranian response. In the long term, however, a seriously weakened Iranian regime could turn into a significant positive for the region.
The agenda
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Today: the British government publishes its industrial strategy
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9 am BST: Entrance to manufacturing services and PMI PMI PMI services for June
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9:30 am BST: UK Flash PMI Custrical Survey and Customs Services for June
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2 p.m. BST: Christine Lagarde testifies to the Committee on Economic and Monetary Affairs of the European Parliament in Brussels
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2:45 pm BST: US Flash PMI Manufacturing Survey and Services for June
Key events
Specient accepts the buyout offer of 3.8 billion pounds sterling …
The new week has also started with a certain excitement in the city of London.
SpectrumThe British manufacturer of precision and testing software, agreed to be purchased by a investment capital company Advent In an offer of 3.8 billion pounds sterling.
Spectrum Develops high-tech instruments, test equipment and software used in sectors such as life sciences, automotive, electronics and semiconductors. It recommends the offer, which is a bonus of 84.6% to its value before the news of The advent Interests broke out earlier this month.
But the battle may not be over. Rival investigation capital firm Kohlberg Kravis Roberts (KKR) has not abandoned his own interest in Spectrum.
Kkr I just told the city that he had been “constructively engaging” with the board of directors of SpectrumHaving made his own redemption proposal in early June.
Although no revised proposal has yet been made, Kkr insists that he is actively engaged in the advanced stages of reasonable diligence and the organization of funding commitments, and urges Specète shareholders not to take any measure with regard to Advent offer….
Analysts of RBC Capital Markets Say that there is “a clear and present risk of energy attacks” in the Middle East, because Iran assesses its response.
This threat could come from the militias supported by Iran in Iraq which operate near the energy facilities of Bassra, they suggest.
In a note this morning, RBC Underline that it can take days or weeks before knowing the Iranian response, adding:
Above all, we warned against the hot take “The worst is behind us” at this stage. President Trump may have succeeded in executing a “degeneration to defuse”, but a wider expansion cannot still be excluded at this stage.
We can be in the rumsfeld matrix “unknown” in this military conflict of the Middle East of nine days.
The stock markets of the Asia-Pacific region are mixed today, because investors take events in the Middle East in their stride
Japanese Nikkei 225 The index fell 0.17%, while Australia S&P / ASX 200 The index lost 0.35%.
The atmosphere in China is however brighter, where CSI 300 The index is up 0.44%. Hong Kong Hang Seng won 0.55%.
Ipek ozkardeskayaSenior analyst at Swissquote Bank, said there is a “fascinating calm” in the markets after the American attack on Iran, adding:
Global actions will probably remain under pressure at the opening – but to judge by the way in which oil prices reacted to the news of the weekend, the sale could remain relatively soft compared to the heaviness of the titles.
Future S&P [the US stock market] are down approximately 0.30% – they behave like a normal Monday. And that, I find extremely interesting. It really seems that the markets are more and more reactive for the news. The lack of reaction is fascinating.
The US dollar has increased, a bit, against a basket of currencies today while investors are looking for refuge assets.
The dollar index won 0.3% this morning, while the book slipped 0.1% to $ 1,3433.
Singing Kongmotto strategist at Commonwealth Bank of Australiasaid the markets are in mode of mode on how Iran reacts, with more concerns about the positive inflationary impact of the conflict than the negative economic impact.
Kong Explain:
“The money markets will be at the mercy of the comments and actions of the Iranian, Israeli and American governments.
The risks are clearly biased for more and more in safety currencies if the parties degenerate the conflict. »»
IMF Georgieva warns the growth risks of American strikes on Iran
The chief of the International Monetary Fund warned that the American strikes of last weekend on Iran could harm global growth, if the consequences are pouring out beyond the energy markets.
Kristalina Georgieva said to Bloomberg TV this morning that the Middle East crisis had added to global uncertainty, explaining:
“We consider it another source of uncertainty in what was a very uncertain environment.”
Georgieva said the IMF was looking closely at energy prices, warning that an increase in oil prices could have an economic impact on a starter. She says:
“There could be secondary and tertiary impacts. Let’s say that there is more turbulence that launches in growth perspectives in major economies – so you have a trigger for the downward revisions of global growth prospects. ”
Georgieva also hopes that the energy supply roads will not be disrupted, saying:
“Let’s see how events develop.
I pray no.
Kristalina Georgieva of the IMF warned that American strikes on Iran could potentially have wider impacts beyond energy channels, because global uncertainty degenerates https://t.co/yqdc6u3Hmf
– Bloomberg (@business) June 23, 2025
Introduction: Oil is falling five months in the middle of the Iranian crisis
Hello, and welcome to our hilly coverage of business, financial markets and the world economy.
The price of oil has reached its highest level since January, after the United States bombed Iran’s nuclear installations during the weekend.
The merchants are in a much risky mood, because they assess the chances of an additional escalation in the Middle East and reflect on possible Iranian reprisals. But there is no full panic in the markets.
There was an early jump in the price of oil when the new week of negotiation began; Brut prices have jumped by more than 4%, pushing a barrel of crude brent to a five -month higher $ 81.40 per barrel.
But… it is back before even the merchants of the city of London reach their office, and is now up 1.7% to $ 78.32 per barrel.
Yesterday, the Iranian Parliament voted to close the Hormuz Strait, although a fifth of world oil was transported. If this happened, it could create a supply shock that increases the price of energy, fueling inflation and injuring growth.
In response, Marco RubioThe US Secretary of State warned that he would be “economic suicide” for Iran to close the Strait and urged China to influence Tehran on this point.
Rubio told Fox News:
“I encourage the Chinese government in Beijing to call them on this subject, because they depend strongly on the Hormuz Strait for their oil.”
Holger Schmieding, Chief economist at Berenberg BankSaid that Hormuz Strait is “the key economic risk to monitor”. But, he also maintains that an prolonged disruption of energy flows in the Gulf region “seems unlikely”, because trying to strangle energy exports would be a high -risk strategy for Tehran.
Schmmeding said to customers this morning:
For more than two decades, the Iranian regime sought to destabilize various parts of the Middle East. In itself, a big setback to Iran’s apparent attempt to acquire nuclear weapons should count as positive.
In the short term, the United States “One of” strikes three Iranian nuclear installations increase geopolitical risks in the region at a new level. The markets will probably go into “Risk Off” mode because they await the Iranian response. In the long term, however, a seriously weakened Iranian regime could turn into a significant positive for the region.
The agenda
-
Today: the British government publishes its industrial strategy
-
9 am BST: Entrance to manufacturing services and PMI PMI PMI services for June
-
9:30 am BST: UK Flash PMI Custrical Survey and Customs Services for June
-
2 p.m. BST: Christine Lagarde testifies to the Committee on Economic and Monetary Affairs of the European Parliament in Brussels
-
2:45 pm BST: US Flash PMI Manufacturing Survey and Services for June
