Sunday, June 28
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Personal Finance Why Thematic ETFs Make Many Investors NervousCrypto Europe's Banking Watchdog Spells Out Crypto Fines as MiCA Takes HoldMarkets JPMorgan Sees the Global Economy Picking Up — but Sticky Inflation Is the CatchEconomy UK Pressed to Probe Chinese Retailer JD.com Over Its Joybuy ExpansionPersonal Finance The Dividend Yield Trap: Why a Sky-High Payout Can Be a WarningTech Austria Wants the EU to Lure Anthropic After America's AI Export CurbsEconomy UK Energy Bills Jump 13% in July as Middle East Gas Costs BitePersonal Finance IRAs Now Hold More Than 401(k)s — but Rolled-Over Cash Often Sits IdlePersonal Finance Why Thematic ETFs Make Many Investors NervousCrypto Europe's Banking Watchdog Spells Out Crypto Fines as MiCA Takes HoldMarkets JPMorgan Sees the Global Economy Picking Up — but Sticky Inflation Is the CatchEconomy UK Pressed to Probe Chinese Retailer JD.com Over Its Joybuy ExpansionPersonal Finance The Dividend Yield Trap: Why a Sky-High Payout Can Be a WarningTech Austria Wants the EU to Lure Anthropic After America's AI Export CurbsEconomy UK Energy Bills Jump 13% in July as Middle East Gas Costs BitePersonal Finance IRAs Now Hold More Than 401(k)s — but Rolled-Over Cash Often Sits Idle
Marcus Feldman

Marcus Feldman

Reporter · Boursel

An oil tanker at sea
Markets
Sunday, 6/28, 09:44 AM

Oil Tumbles as the Iran Risk Premium Fades and Hormuz Shipping Resumes

  • Crude oil fell sharply this week, with Brent dropping back to around $72 a barrel — its lowest since late February and a weekly slide of more than 10% — as tankers returned to the Strait of Hormuz and the war-risk premium that had spiked prices after the Iran strikes drained away.
  • The other half of a volatile week: a cooling of the red-hot AI trade.

In brief

In brief

A physical representation of a bitcoin
Crypto 3 d

Bitcoin Falls to $58,000, Its Lowest Since 2024, in a Broad Crypto Sell-Off

  • Bitcoin dropped about 5% to roughly $58,000 on June 25 — its weakest level since 2024 and more than 50% below last October's record — as ETF outflows, a rare sale by a major corporate holder and fading hopes for Fed rate cuts hit risk assets.
  • Some traders, though, see crowded short bets that could spark a sharp bounce.

In brief

In brief