Author: Daniel snow
Iran’s Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran, Iran, May 20, 2025. Office of the Iranian Supreme Leader.Office Of The Iranian Supreme Le | Via ReutersCrude futures jumped about $5 per barrel on Friday after Israel launched airstrikes against Iran without U.S. support, raising fears among investors that the conflict could spread to disrupt oil supplies in the Middle East.The U.S. West Texas Intermediate contract that expires in July was last up 7.61% at $73.22 per barrel by 2:36 p.m. ET. The global benchmark Brent futures contract for August delivery rose 7.22% to $74.37 per barrel.Iran…
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Israel’s military strikes against Iran are raising concerns that Tehran could retaliate by closing the Strait of Hormuz, potentially disrupting oil and gas supplies and unleashing a fresh wave of inflation across the globe. Source link
Sometimes the hardest thing for a long-term investor to do is to sit on their hands. With stocks down Friday as investors digest the news of Israeli strikes on Iran , it’s tempting to buy the dip — or bail before things get any worse. Neither option makes sense in this moment. First, a quick recap of all the movers: The major averages are down, but perhaps not as much as one might expect given the fears the airstrikes could start a broader conflict in the Middle East. The Dow shed 1%, while the Nasdaq fell 0.6% and the S…