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Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap

Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap
Bloomberg Markets Sunday 12 July 2026, 22:10 UTC By Matthew Burgess 1 min read
Key Points

Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap Oil jumped and US equity futures fell after the US launched another round of strikes against Iran, while conflicting claims over the status of the Strait of Hormuz heightened uncertainty. S&P 500 contracts dropped 0.2% in early trading Monday after the underlying gauge closed 0.4% higher on Friday.

Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap Oil jumped and US equity futures fell after the US launched another round of strikes against Iran, while conflicting claims over the status of the Strait of Hormuz heightened uncertainty. S&P 500 contracts dropped 0.2% in early trading Monday after the underlying gauge closed 0.4% higher on Friday. Brent crude climbed 3% at the open, while the dollar rose against most major peers.
US (LOCATION) Iran (LOCATION) the Strait of Hormuz (LOCATION) Brent (PERSON)
Originally published by Bloomberg Markets Read original →

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