(BFM Stock Exchange)-CAC 40 is clearly progressing at mid-session of this Tuesday, June 24, while Donald Trump assures that Iran and Israel have agreed on a cease-fire. But Tel Aviv accused Tehran of having broken it. Oil is suffering.

More than ever, the Middle East crystallizes market attention. The CAC 40 advances from 1.4% to 7,639.70 points at mid-session of this Tuesday, June 24, monitoring the evolution of the situation.

While Iran and Israel enter the twelfth day of their conflict, Donald Trump said on the night of Monday to Tuesday that the two countries had accepted a cease-fire.

Tel Aviv then accused Iran of having broken this agreement and the two countries continue to attack each other. However, “we have attended a fairly remarkable de-escalation of tensions in the Middle East in the last 12 hours,” observes Deutsche Bank.

Oil prices are completely diving. This Tuesday, the contract on the Brent de Mer du Nord cedes 3% to 68.36 dollars per barrel after having already unscrewed 8.5% the day before. Brents prices therefore dropped almost 12% in a few hours. The August contract on the WTI listed in New York gives 2.9% to 66.53 dollars per barrel.

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Air France-KLM climbs

The lessons brutally won Monday evening, after the attack by Iran of the American base of Al-Udeid in Qatar. According to Reuters and the New York Times, Iran coordinated its attack with Qatar so as to minimize human victims and wounded.

Oil dropped because investors understood “that Iran’s reprisals did not target energy targets and that (Tehran) probably sought to avoid climbing with the United States, Iran having warned Qatar before the strikes,” said Deutsche Bank.

This attack thus removed fears of more severe measures such as the closure of the Strait of Ormuz, therefore. “It was a counterattack with activated security,” summarizes Stephen Innes of Spi am.

The fall in oil prices leads to several collateral effects on actions. Air France-KLM takes 9.3% because the fuel invoice is one of its most important spending stations, while Totalenergies fell by 2.47%.

Alstom takes 7% helped both by the context favorable to cyclical values ​​as well as several commercial successes.

Ayvens took 5.3% while UBS introduced its follow -up to purchase.

OVHCLOUD collapses by 14% after delivering disappointing growth in the third quarter of its 2024-2025 fiscal year.

On currencies, the euro takes 0.2% against the dollar at 1.1598 dollars.