Markets Wrap: U.S. Futures Slip, Oil Jumps as U.S.–Iran Strikes Resume Over Weekend
- S&P 500 futures fell roughly 0.4–0.5% and Nasdaq 100 futures slid 1–1.3% in overnight trade, while Brent crude surged ~4% above $79 and WTI hovered near $74 after a fresh exchange of U.S. and Iranian strikes over the July 11–12 weekend.
- Bloomberg's markets wrap noted oil climbed on the Mideast escalation as tech-heavy Nasdaq futures led declines, echoing last week's pattern of geopolitical risk punishing growth names (bloomberg.com).
- Iran's IRGC attacked a Cyprus-flagged container ship, prompting the U.S. to launch strikes against ~140 Iranian military sites; a MarketWatch bulletin flagged the same futures-and-oil split at the reopen (marketwatch.com).