US EditionOil rises and US stock futures slide as markets react to US strike on Iran nuclear sites
- The U.S. launched airstrikes early Sunday targeting three Iranian nuclear sites near the Persian Gulf, escalating the Middle East conflict that began on June 13.
- The strikes followed Israel’s initial attacks on Iran’s nuclear program and rising tensions, with Iran threatening to close the Strait of Hormuz, a crucial oil shipment route.
- Market analysts anticipate Brent crude could rise $3 to $5 per barrel when trading opens, depending on Iran’s response and potential supply disruptions through the strait.
- Greg Kennedy of King's College London said the conflict increases speculation about supply security and drives prices higher, while Trump stated, "Iran can never be allowed to have a nuclear weapon."
- The conflict's unfolding effects may raise global fuel costs, prolong other wars like in Ukraine, and determine whether tensions escalate regionally or internationally.
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Daily program from multilingual American television broadcaster founded by adherents of the Falun Gong
Daily program from multilingual American television broadcaster founded by adherents of the Falun Gong
America Joins Israel in Iran Strike; Fallout from Congress, China, and a Global Oil Shock Looms
NTD News Today discusses the US strike on Iran’s nuclear sites and its impact on global air travel and rising oil prices.
153 Articles
153 Articles
Rupee Falls 14 Paise to 86.69 Against US Dollar in Early Trade
Get latest articles and stories on India at LatestLY. Rupee declined 14 paise to 86.69 against the US dollar in early trade on Monday as global crude oil prices surged following the US's attack on Iran's nuclear sites. India News | Rupee Falls 14 Paise to 86.69 Against US Dollar in Early Trade.
Oil prices hit 5-month high after US strikes Iran nuclear sites
Oil prices were up in Asia on Monday morning.Jesus Hellin/Europa Press/Getty ImagesOil prices surged after the US struck Iran's nuclear facilities on Sunday.Tensions rose as Iran has threatened to block the Strait of Hormuz, a key oil passage.Goldman Sachs warned of potential oil price spikes if Iranian supply drops significantly.Oil prices jumped to a five-month high in Asia on Monday morning in their first trading day after the US struck Iran'…
Oil Rises 3% After U.S. Bombs Iranian Nuclear Sites
While many were expecting the oil market to open for electronic trading at 6 p.m. ET with a bang, 30 minutes into trading, oil was up by barely 3%, despite the U.S. military’s overnight strikes on Iranian nuclear facilities
Colorado officials react to U.S. bombing of Iranian nuclear sites
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