Energy news

Energy commodities are essential fuels that power modern society. Explore key energy sources like crude oil, natural gas, coal, and emerging renewable energies. Learn about their global impact on the economy and environment.

Yen slides on oil supply jitters after US attack on Iran

The Japanese yen is sharply lower on Monday, as oil prices continue to rise. The US attack on Iran on the weekend has raised concerns about global oil supplies and the yen has been under strong downward pressure since the Israel-Iran war started on June 13. Japan's core CPI rose to 3.7%, its highest level since Jan. 2023.

23-06-2025 12:00 GMT by Kenneth Fisher

Asia mid-session: Geopolitical tensions spark risk-off moves

Geopolitical tensions surged after US President Trump authorized airstrikes on Iranian nuclear sites, reversing his earlier call for diplomacy. Risk-off sentiment hit Asian markets, with major indices in decline and US futures lower. The US dollar firmed slightly, while WTI crude trimmed gains and gold slipped back to key support. Investors brace for increased volatility amid rising Middle East conflict fears.

23-06-2025 06:21 GMT by Kelvin Wong