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 that will sharply increase its defence spending as leaders arrive for a key NATO summit.  

Jun 25, 2025 - 09:00
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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 that will sharply increase its defence spending as leaders arrive for a key NATO summit.  
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