Overview

• West Texas Intermediate futures jumped 15% and Brent rose 13% following the strike on Iranian targets.
• S&P 500 futures fell 1.8%, Nasdaq futures dropped 2% and Asian markets declined by over 1%.
• Europe’s EuroStoxx index dropped 1.8% and Spain’s Ibex 35 futures signaled an opening below 14,000 points.
• Gold prices climbed nearly 1% to around $3,500 an ounce as investors sought safe-haven assets.
• Saxo Markets strategist Charu Chanan warned that any Iranian counterattack or supply disruption could keep volatility elevated.