U.S. stock futures fluctuated Monday following President Trump’s announcement that the U.S. had struck Iran’s nuclear sites, escalating tensions in the Middle East. The Dow dipped 0.1%, while the S&P 500 and Nasdaq futures remained mostly flat. Oil prices jumped over 4% post-strike, driven by fears Iran may block the Strait of Hormuz, a critical shipping route. Though oil briefly eased, prices resumed climbing—Brent crude traded above $77 and WTI crude topped $74. Iran’s next move remains uncertain; its parliament reportedly voted to close the strait, though leadership has yet to act. Trump warned of further strikes unless Iran seeks peace talks. Meanwhile, gold also ticked higher amid uncertain haven demand.
