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Oil rises and US stock futures slide as markets react to US strike on Iran nuclear sites

  • On Saturday, June 21, 2025, U.S. forces conducted airstrikes on Iranian nuclear and military sites, raising geopolitical tensions.
  • The strikes occurred amid escalating tensions that originated from an Israeli offensive against Iran on June 13, which heightened regional instability.
  • Despite the strikes, oil prices rose modestly—Brent crude increased 2.6% to $79 a barrel—while U.S. stock futures slipped slightly amid calm trading.
  • Analysts like Tom Kloza and Velina Tchakarova noted traders are watching Iran’s response carefully but remain unpanicked due to ample global oil inventories.
  • Markets suggest that if Iran disrupts the Strait of Hormuz, oil prices could spike to $120-$130 a barrel, which would hurt consumers and global trade significantly.
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Last weekend, the U.S. carried out an attack on Iran, focused on nuclear sites. Iran, in response, reported that this attack expanded the range of targets that its armed forces consider legitimate. The political situation became even more tense when Iran called U.S. President Donald Trump "apostor" for joining Israel's military campaign against the Islamic Republic. According to the original report, Trump mentioned that he had "obliterated" Iran…

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Time Magazine broke the news in United States on Saturday, June 21, 2025.
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