ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

The ASX 200 closed slightly down today at 8,541 points.

Real Estate was the best performing sector, up +0.36%, followed by IT, up +0.23%.

Utilities was among the worst-performing sectors, down nearly -1%, followed by Financials and Health Care, both down around -0.3%.

In the Green

Meteoric Resources (ASX:MEI) and MTM Critical Metals (ASX:MTM) have been up after signing a memorandum of understanding to collaborate on refining rare earth elements from Meteoric’s Caldeira Project in Brazil.

Dubber (ASX:DUB) was also in the green after starting legal proceedings in a major step toward recovering $26.6M in misappropriated funds found during its FY24.

And, Harvest Technology Group (ASX:HTG) shared a breakthrough in its three-year pathway to profit strategy, reporting it’s now tracking one year ahead of schedule. The strategic roadmap was designed to drive sustainable profitability, and recent results show accelerated momentum.

In the Red

Woodside (ASX:WDS) has suffered from both profit taking following a strong gain in recent sessions, and a pullback in oil prices. The oil price is proving to be a proxy for sentiment around the likelihood of a resolution of the Israel-Iran conflict.

Dart Mining (ASX:DTM) has inked a JV agreement with Great Divide Mining (ASX:GDM), securing the right to earn up to a 51% interest in six tenements that comprise the advanced Coonambula Antimony-Gold Project in Queensland.

And, St Barbara (ASX:SBM) plummeted after downgrading its FY25 gold production guidance to between 50,000 and 52,000 ounces. This follows heavy rainfall at the company’s Simberi operations in Papua New Guinea.

Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.