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Oil plunges, Asian stocks mixed as US considers waiving Iranian oil sanctions
Description
Market news for June 17, 2026: Asian stocks traded sideways today, as investors await the Federal Reserve’s policy meeting and for the reveal of more details on the US-Iran deal. Oil prices plunged amid growing optimism on rising oil supply.
Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.
Written by: Nicole Teo (nicolet@sph.com.sg)
Produced and edited by: Chai Pei Chieh & Claressa Monteiro
Produced by: BT Podcasts, The Business Times, SPH Media
Produced with AI text-to-speech capabilities
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