Stock Market slides as U.S.-Israeli strikes on Iran send oil and futures sharply higher

U. S. investors pushed the stock market toward a risk-off stance Sunday evening after the U. S. -Israeli bombardment of Iran over the weekend, a move that pushed oil sharply higher and froze tanker traffic through the Strait of Hormuz. The market reaction reflects immediate supply fears and public comments from political and security figures that heighten uncertainty.

Stock Market futures tumble: Dow futures down 353 points as futures fall across the board

Futures tied to the Dow Jones industrial average fell 353 points, or 0. 72%, while S&P 500 futures were down 0. 68% and Nasdaq futures lost 0. 79% as investors moved away from risk assets. The selloff followed public warnings from President Donald Trump that more casualties are likely from Operation Epic Fury, joining the first ones reported, and came as the FBI is investigating a mass shooting last night in Texas as potential terrorism.

Oil spike: U. S. and Brent futures jump amid worries over exports

U. S. oil futures shot up 5. 6% to $70. 77 a barrel, and Brent crude gained 5. 9% to $77. 15 after earlier spiking more than 8%. In over-the-counter trading earlier on Sunday, Brent prices jumped 10% to about $80 a barrel, oil traders said. Those moves came as analysts flagged the potential for oil supplies to be disrupted by military action.

Strait of Hormuz disruptions: tankers anchored and shipments suspended

The Islamic Revolutionary Guards Corps has reportedly warned ships that passage is not allowed in the strait and said Sunday that it struck three oil tankers with missiles. Fear of such attacks froze ship traffic: hundreds of tankers carrying oil and liquid natural gas had dropped anchor or were stationary near the Strait of Hormuz, shipping data showed. Tanker owners, oil majors and trading houses suspended shipments the strait on Saturday as a precautionary move.

Shipping advisories and company moves restrict crossings

Greece’s shipping ministry advised vessels to avoid the Persian Gulf, the Gulf of Oman and the Strait of Hormuz, and shipping giant Maersk said it is suspending all vessel crossings through the strait until further notice. Those operational decisions compounded the market impact as physical flows stalled.

Policy signals and leadership questions escalate geopolitical risk

President Trump suggested the conflict with Iran could last a while as he pursues regime change, posting on social media Saturday that the bombing will continue "as long as necessary to achieve our objective of PEACE THROUGHOUT THE MIDDLE EAST AND, INDEED, THE WORLD!" He also said on Sunday evening that he is open to lifting sanctions on Iran if the new leadership that replaces Supreme Leader Ali Khamenei, who was killed in an airstrike, can serve as a pragmatic partner. Those statements framed the strategic stakes for markets.