News
Stocks slide as Trump weighs Iran strikes; oil prices jump on supply fears
U.S. stock futures slipped as tensions between Israel and Iran escalate, with President Trump considering military action. Oil prices surged on supply fears, while investors await key economic data.
U.S. stock futures fell Friday as investors reacted to rising Middle East tensions. President Trump said he’ll decide within two weeks whether to launch strikes against Iran, adding uncertainty to markets.
- Dow futures dropped 0.4% (↓150 pts)
- S&P 500 futures slipped 0.2%
- Nasdaq futures dipped 0.1%
Oil prices surged nearly 2% on fears of supply disruptions if Iran blocks the Strait of Hormuz, a key oil passage. Meanwhile, Fed Chair Powell reinforced that rate cuts depend on economic data, though traders still expect a cut by September.
Compare Top Forex brokers and start trading and investing with a trusted partner
Trump also blasted Powell again, calling him “one of the dumbest” government officials.
Later today, investors will watch for manufacturing and economic indicator reports.
Oil update: Prices are set for a third straight weekly gain as Middle East conflicts keep upward pressure on crude. Brent crude rose 3.9% this week.
Stay ahead with weekly market updates
Get concise broker news, reviews, and risk notes in your inbox.
Related News
European Shares Rebound as Oil Prices Slip Amid Fragile US-Iran CeasefireEuropean markets moved higher after heavy losses earlier this week, while oil prices slipped as ceasefire negotiations between the US and Iran remained deadlocked. Investors also focused on rising inflation, AI-driven market optimism, and expectations that the Federal Reserve could keep rates higher for longer.
Stocks Hold Steady as Oil Jumps on U.S.-Iran DeadlockGlobal markets traded cautiously as stalled U.S.-Iran peace talks pushed oil prices higher and raised concerns over disruptions in the Strait of Hormuz.
US Stock Futures Rise as Hopes for US-Iran Deal Lift MarketsS stock futures moved higher as investors reacted to possible progress in US-Iran peace talks, falling oil prices, and continued optimism around AI-driven earnings growth.
Editorial Note
This article aggregates publicly available market and broker updates from the source CMS. Verify time-sensitive data directly with official sources before making decisions.
Last update: Jun 20, 2025