Overview

• U.S. forces struck the Fordow, Natanz and Isfahan nuclear facilities on June 21 in Washington’s first direct action in the Israel-Iran conflict.
• Brent crude jumped as much as 5.7% to $81.40 per barrel, marking its highest level since January, while U.S. benchmarks rose more than 4%.
• Asian stock markets opened lower and U.S. equity futures declined as traders priced in potential energy shortages and heightened geopolitical risk.
• Iran’s parliament approved a motion to close the Strait of Hormuz—through which about one-fifth of global oil passes—raising the threat of severe supply disruptions.
• Tehran’s foreign minister said Iran reserves “all options” for retaliation, including targeting U.S. military bases in the region.