Overview

• President Trump said the June 20 airstrikes on three major Iranian nuclear facilities were “very successful” and that all planes returned safely
• Brent crude futures jumped nearly 18% this week to a peak of $79 per barrel while West Texas Intermediate held close to $75 amid supply fears
• Shipping insurers labeled the Strait of Hormuz a high-risk zone, causing tanker rates to double and forcing some vessels to reroute
• The S&P 500 and Nasdaq slid on Friday as investors flocked to the dollar and gold, leaving equities ‘‘on a knife’s edge’’ ahead of Monday’s open
• U.S. forces and regional allies remain on high alert for possible Iranian retaliation and President Trump has indicated no further strikes are planned for now