Politics And The Markets 06/16/25

Jun. 16, 2025 12:00 AM ET33 Comments
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Israel trades strikes with Iran for third day as nuclear talks collapse

In a sign of how far Israeli planners were willing to go, a U.S. official confirmed to the Associated Press that President Donald Trump recently blocked an Israeli proposal to target Iran’s Supreme Leader Ayatollah Ali Khamenei.

Oil prices set to climb as Israeli strikes on Iran's energy facilities raise tensions

While the strikes did not directly affect Iran’s oil exports, the disruption has fueled anxieties among traders and analysts, especially after oil prices saw their biggest single-day spike in three years last Friday. Iran, despite facing U.S. sanctions, remains the third-largest producer within OPEC. Its regional allies, particularly the Houthi group in Yemen, have a history of attacking commercial vessels, and Tehran has long threatened, though never acted on, closing the Strait of Hormuz, a vital chokepoint for global oil shipments.

Trump is said to have opposed Israeli plan to target Iran’s supreme leader

In a Sunday interview on Fox News, Netanyahu dismissed the Reuters report, saying, “There are so many false reports of conversations that never happened, and I’m not going to get into that.” He added, “We’ll do what we need to do. And I think the United States knows what is good for the United States.”

Trump says he will bring peace 'soon' between Israel, Iran; Putin could mediate

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