economyThursday, June 11, 20263 sources
US Strikes on Iran Lift Oil Prices as Global Stocks Drop
The United States conducted strikes on Iran, escalating tensions in the region. Global stock markets fell as investors feared further conflict, while oil prices surged due to heightened uncertainty about potential military action.
The US military struck targets in Iran, reportedly in response to recent Iranian actions. The strikes were confirmed by multiple US defense officials and were widely reported by international media. The attacks led to immediate volatility in global financial markets, with major indices like the S&P 500 and FTSE falling sharply. Oil prices rose sharply on global markets, with Brent crude climbing over $10 per barrel as traders anticipated possible further escalation of hostilities.
Timelines
Sources
PublicChannel News AsiaJun 11, 05:41 AM
Stocks drop, oil rises as Iran worries tradersPublicChannel News AsiaJun 11, 05:41 AM
Shares retreat as techs extend losses, US strikes on Iran lift oilPublicChannel News AsiaJun 11, 05:41 AM
Stocks drop, oil rises as Iran and rate worries traders