Iran's Response, Oil Prices to Set Tone for Markets -- Market Talk

Dow Jones06-23

2043 GMT - All eyes have shifted to crude-oil as a gauge of how markets will respond to the U.S. bombing of Iranian nuclear facilities over the weekend. The oil price could surge through $100/bbl if shipping in the Strait of Hormuz is blocked or attacked, says Shane Oliver, head of investment strategy and chief economist at AMP. The direction of market depends almost entirely on Iran's response for now, he adds. With Australian markets opening ahead of the U.S. markets, there is a risk that the initial response in Australia will be a negative overreaction, Oliver says. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

June 22, 2025 16:43 ET (20:43 GMT)

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With Australian markets opening ahead of the U.S. markets, there is a risk that the initial response in Australia will be a negative overreaction, Oliver says. 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