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Oil prices rise as U.S. and Iran exchange airstrikes, stock futures edge up amid Strait of Hormuz tensions

Market News
28 Jun 2026
Market Watch
View Source
Bearish
pluang ai news

Oil prices increased Sunday following renewed airstrikes between the U.S. and Iran in the Persian Gulf, raising concerns about potential closure of the Strait of Hormuz, a vital shipping route. U.S. stock futures for the Dow Jones, S&P 500, and Nasdaq-100 saw slight gains after a sharp tech selloff on Friday. Bitcoin fell below $60,000, down over 7% in the past week. The ongoing conflict adds uncertainty to global markets as diplomatic talks continue between Washington and Tehran.

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