US EditionOil rises and US stock futures slide as markets react to US strike on Iran nuclear sites
- U.S. forces conducted overnight airstrikes on three Iranian nuclear sites on Saturday, triggering market reactions in New York and globally.
- The strikes followed escalating conflict beginning with Israel's attack on Iran on June 13 and raised tensions amid concerns over Iran's potential retaliation.
- Despite oil prices rising about 2.6% to $79 per barrel and U.S. crude to $75.76, traders waited cautiously due to high inventories and OPEC+ spare capacity.
- Tom Kloza said traders awaited signs of disruption at the Strait of Hormuz before reacting, while Andy Lipow warned a full closure could push oil prices to $120-$130 a barrel, hurting consumers.
- Market calm may persist if Iran restrains itself, but any disruption of the Hormuz Strait could cause a sharp oil price spike, influencing inflation and Federal Reserve policy.
306 Articles
306 Articles
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…
Houston American Energy (HUSA) Stock Explodes 58% Monday: What's Going On? - Houston American Energy (AMEX:HUSA)
Houston American Energy Corporation (NYSE:HUSA) shares are trading higher by 58% to $23.76 Monday morning, driven by intensifying geopolitical tensions in the Middle East that threaten global oil supply routes. What To Know: Monday’s rally follows a U.S. State Department worldwide security alert issued Sunday, urging heightened caution for Americans abroad amid escalating conflict between Israel and Iran. Over the weekend, U.S. airstrikes on Ira…
US strike on Iran triggers oil shock in Asia
A targeted US military strike on Iranian military assets has reignited geopolitical risk in global markets, and the immediate fallout is being felt most acutely across emerging Asia. Asian currencies, equities and bonds are under renewed pressure as investors price in higher energy costs, a potential capital exodus and a delayed path to monetary easing. […] The post US strike on Iran triggers oil shock in Asia appeared first on Asia Times.
US stock futures slide as oil surges amid Middle East turmoil
US stock futures fell ahead of Monday's trading as markets reacted to escalating tensions in the Middle East.Futures tied to the Dow Jones Industrial Average slipped 0.3 percent, while futures for the S&P 500 and Nasdaq 100 dropped 0.26 percent and
Uncertainty Plagues World Markets After US Strike on Iran
Global markets are sending mixed signals following U.S. strikes on Iran, reflecting uncertainty among investors, with some stock markets falling and others rising. In a June 21 address at the White House, President Donald Trump said the United States had struck Iran’s nuclear sites. In the United States, the S&P 500 Index was trading at 5,976 on Monday as of 9:40 a.m. EDT, up 0.13 percent from Friday. In Europe, the Stoxx 50 index was trading do…
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