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Oil prices spike, U.S. stock futures fall as Israel strikes targets in Iran

Dow Jones06-13

MW Oil prices spike, U.S. stock futures fall as Israel strikes targets in Iran

By Mike Murphy

Oil futures shot higher and U.S. stock-market futures sank Thursday evening on reports that Israel was attacking sites in Iran.

Explosions were reportedly heard in Tehran, and Israel's Defense Minister Israel Katz described the airstrikes as a "special situation," according to the Associated Press. There were few other immediate details.

U.S. benchmark West Texas Intermediate crude for July delivery (CLN25) (CL.1) and the global benchmark Brent crude for August delivery (BRNQ25) (BRN00) soared more than 5%.

The news sent U.S. stock-market futures falling, with the Dow Jones Industrial Average futures (YM00) down more than 300 points, or 0.8%, while S&P 500 futures (ES00) and Nasdaq-100 futures (NQ00) fell about 1%.

This is a developing report and will be updated.

-Mike Murphy

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 12, 2025 20:24 ET (00:24 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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