Marketplace All-in-One Oil prices volatile after broken ceasefire accusations
Jun 24, 2025
Oil prices are on a rollercoaster ride, plunging to $69 a barrel despite geopolitical tensions and a shaky ceasefire between Israel and Iran. Nobody expected a 15% drop from $81 amidst such chaos! Meanwhile, traders are adjusting their risk premiums, while significant discussions at the World Economic Forum address tariffs and AI’s role in economic growth. The global market reacts positively to the ceasefire, and Oman’s tax decisions are also stirring interest. Plus, the UK is considering regulatory reforms to boost competition in the tech industry!
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Oil Prices Drop Post-Ceasefire
- The oil price dropped 15% after Israel and Iran announced a US-brokered ceasefire despite conflicting missile accusations.
- The market removed the risk premium on Iranian escalation, lowering oil prices below pre-conflict levels.
Tariff Deadline and Inflation Impact
- The looming US tariff deadline is a significant concern for global economies, except China, which has a later deadline.
- High inflation keeps demand suppressed, causing uncertainty in business investment and consumer purchasing.
AI's Economic Growth Potential
- AI is a key focus at the World Economic Forum, with potential to boost global economic growth by up to 10%.
- Although China leads in AI application, widespread impactful results may take time and further investment.