Overview

• The United States launched precision airstrikes on Iran’s Fordow, Natanz and Isfahan nuclear facilities on June 22, using B-2 bombers and submarine-launched Tomahawk missiles to target uranium enrichment sites.
• Brent crude rallied as much as 5.7% to $81.40 per barrel and West Texas Intermediate also jumped before paring gains, pushing oil to five-month highs.
• Global equity futures slid, with Asian markets opening lower and US S&P 500 and Nasdaq futures down as investors sought safety.
• The US dollar strengthened against major currencies, gaining ground on the yen and euro as traders priced in elevated geopolitical risk.
• Iran’s foreign minister warned of “everlasting consequences,” and parliament voted to close the Strait of Hormuz, raising fears of disruptions to one-fifth of global oil flows.