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Oil prices jump and Dow plummets 1.8% after Israel's attack on Iran stokes fears of wider war

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Defense contractors rallied while fuel-dependent businesses fell.
On June 13, 2025, oil prices surged due to heightened geopolitical tensions in the Middle East, causing a ripple effect across global markets. The Dow Jones Industrial Average experienced a volatile day, initially dropping but later recovering some losses as investors reacted to the oil price spike and awaited key U.S. economic data releases. Analysts noted that the increase in oil prices could lead to higher inflation rates, potentially influencing the Federal Reserve's upcoming decisions on interest rates. Meanwhile, the broader stock market showed mixed responses, with energy stocks gaining while sectors sensitive to inflation, such as technology and consumer goods, faced downward pressure.

Read the Full Fortune Article at:
[ https://fortune.com/2025/06/13/oil-prices-dow-stock-market/ ]