{"id":123993,"title":"What happened overnight – Monday 23rd June 2025","publisher":"Share Talk","author":"sharetalk","published":"2025-06-23T06:23:07+00:00","modified":"2025-06-23T06:23:07+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-monday-23rd-june-2025/","markdown_url":"https://www.share-talk.com/what-happened-overnight-monday-23rd-june-2025.md","json_url":"https://www.share-talk.com/what-happened-overnight-monday-23rd-june-2025.json","category":"B2B","categories":["B2B","Blogs","Technology","Technology, Media & Telecoms"],"tags":["AI-focused","Asia","Asia-Pacific index","Asian market","Asian markets","Asian trading","Bank of England","Bank of Japan","Bank of New York","Beijing","bond market","Brent Crude","china","chips","currency","Dow Jones","European Union","Federal Reserve","Hong kong","India","Jakarta","Japan","JP Morgan","Manila","Nikkei","Nvidia","Russia","semiconductor","Sensex","Seoul","shanghai","Shenzhen Composite Index","Singapore","South Korea","Sydney","Taipei","Treasury yields","U.S. bond market","U.S. dollar","U.S. stocks","U.S. Treasury","US recession","USA","Wall Street","Wellington","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/06/overnight-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Oil Prices Surge as U.S. Bombs Iranian Nuclear Sites, Raising Global Supply Fears**\n\nOil prices **soared in early Monday trading** after the United States formally entered the conflict between **Israel and Iran**, launching strikes on **Iranian nuclear facilities**. The escalation has cast a dark cloud over the **outlook for global oil supply** and intensified fears of a broader regional crisis.\n\n**Brent crude**, the international benchmark, surged as much as **5.7%** to **$81.40 per barrel** when markets reopened on Sunday night, while **West Texas Intermediate (WTI)** rose **3.2%** to **$76.20**.\n\nThe sharp move follows days of mounting tension, with investors now bracing for **Tehran’s response**. Among the most alarming developments: **Iran’s parliament voted on Sunday to block the Strait of Hormuz**, a vital shipping route for around 20% of global oil. Although not yet final, such a move would be **deeply inflationary and severely disrupt supply chains**.\n\nOil had already been climbing, having gained roughly **10%** since Israel launched strikes on Iranian energy infrastructure **ten days ago**. On Friday, Brent closed at around **$77 a barrel**.\n\n### Market Reaction\n\n-\n**Stock futures** turned lower ahead of Monday’s open, with the **Dow Jones Industrial Average** and **S&P 500** both down **0.4%**.\n\n-\nIn Asia:\n\n**Hong Kong’s Hang Seng** slipped **0.5%**\n\n-\n**Tokyo’s Nikkei** was broadly flat\n\n-\n**Australia’s S&P/ASX 200** eased **0.2%**\n\n### Flight to Safety\n\nGeopolitical risk also triggered a shift to **safe-haven assets**:\n\n-\n**Spot gold** climbed **0.4%** to **$3,380.72 per ounce**, reflecting rising demand for defensive plays amid global uncertainty.\n\nMarkets are now closely watching **Iran’s next move** and any further signals from Washington, with the potential for **major energy shocks** and renewed **volatility across asset classes**."}