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

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

+4.76%

 

CL.1

+4.47%

 and the global benchmark Brent crude for August delivery 

BRNQ25

+4.31%

 

BRN00

+4.31%

 soared more than 3%.

The news sent U.S. stock-market futures falling, with the Dow Jones Industrial Average futures 

YM00

-0.90%

 down more than 300 points, or 0.8%, while S&P 500 futures 

ES00

-1.02%

 and Nasdaq-100 futures 

NQ00

-1.19%

 fell about 1%.

https://www.marketwatch.com/story/oil-prices-spike-u-s-stock-futures-fall-as-israel-strikes-targets-in-iran-75386d2c?mod=home_ln