After the Strikes, Before the Storm? Fragile Ceasefire Tempers Market Risk

Amundi Investment Institute’s June 2025 special update analyzes the latest escalation in the Israel-Iran conflict and its immediate geopolitical and financial market implications.

• Following US airstrikes on Iranian nuclear sites and a limited Iranian response, a ceasefire was reached—but its durability remains highly uncertain.

• Markets reacted calmly: oil surged above $80 but quickly fell back to $68; global equities rebounded while bonds and the USD remained stable.

• Amundi maintains its Brent price target at $63–68, favoring diversified portfolios with commodity exposure and equity hedges amid ongoing geopolitical risks.

Read the full report for strategic guidance on allocation under geopolitical tension and shifting energy dynamics.