Oil stabilises after surge, stocks drop as Mideast crisis fuels jitters


A woman walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange in Tokyo on June 17, 2025. (Photo by Kazuhiro NOGI/ AFP)

HONG KONG: Oil prices stabilised Wednesday (June 18) after surging the previous day on fears of a US intervention in the Israel-Iran conflict sparked by Donald Trump calling for Tehran's "unconditional surrender".

Iran and Israel exchanged missiles for a sixth day, with the US president's latest comments appearing to dent hopes that the crisis in the Middle East could be calmed.

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Asian , equities , market , June 18

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