Oil tumbles, stocks rise as fragile Israel - Iran ceasefire holds

Global oil prices tumbled for a second day while stocks rose sharply, as a ceasefire between Israel and Iran remains in place despite earlier violations. Meanwhile, the German government approves a draft budget which will sharply increase its defence spending as leaders arrived for a key NATO summit.  

Jun 25, 2025 - 03:56
Oil tumbles, stocks rise as fragile Israel - Iran ceasefire holds
Global oil prices tumbled for a second day while stocks rose sharply, as a ceasefire between Israel and Iran remains in place despite earlier violations. Meanwhile, the German government approves a draft budget which will sharply increase its defence spending as leaders arrived for a key NATO summit.