Oil Gains, US Stock Futures Drop on New Strikes: Markets Wrap

🇺🇸 Bloomberg (US) —

AI Summary

Oil prices increased while US stock futures declined following US military strikes against Iran for a second consecutive day, escalating tensions that risk disrupting shipping lanes in the strategically crucial Strait of Hormuz.

Oil gained and US equity futures ticked lower after the US said it is striking Iran for the second straight day, an escalation of violence that threatens to choke shipping through the Strait of Hormuz.

World Security Conflict Politics Markets Energy Shipping oil prices US stock futures military strikes Iran Strait of Hormuz shipping disruption market volatility

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