Oil prices spiked by 4% following U.S. airstrikes on Iranian nuclear sites, reflecting investor anxiety over potential disruptions to global energy supplies. The Strait of Hormuz—through which nearly 20% of the world’s oil passes—has become a focal point, with Iran’s parliament reportedly backing its closure. However, the final decision rests with Iran’s national security council.
U.S. Secretary of State Marco Rubio warned that shutting the strait would be “economic suicide” for Iran, while analysts cautioned that even partial disruptions could push oil prices to $100 per barrel or higher. Stock futures also dipped, with the Dow Jones and S&P 500 each down around 0.6%.
The situation remains fluid, with tanker traffic already showing signs of rerouting amid electronic interference in the region.
(source nbcnews.com)
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