0656 GMT - The world is holding its breath to see how Iran will respond to U.S. attacks on its nuclear facilities, but in markets there is a fascinating calm, says Ipek Ozkardeskaya at Swissquote Bank. The country has said all options are on the table--including trade disruptions through the Strait of Hormuz, where 20% of global oil and gas flows, the analyst says. But many remain optimistic that Iran will avoid a full-blown retaliation and regional chaos. It will likely want to prevent its own oil facilities from becoming targets and to avoid a widening conflict that could hurt China, its biggest oil customer, she says. Some are trading the idea that the threat of oil trade disruption won't materialize. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
June 23, 2025 02:56 ET (06:56 GMT)
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