US oil futures dip despite API inventory showing surprise fall in crude stock
Investing.com -- U.S. crude oil futures fell slightly from post-settlement levels Tuesday despite the American Petroleum Institute reporting a surprise drop in weekly domestic crude stockpiles.
Crude Oil WTI Futures, the U.S. benchmark, recently traded at $64.72 a barrel following the report after settling down $0.31, or 0.5%, at $64.98 barrel.
U.S. crude inventories fell by about 370,000 barrels for the week ended Jun. 7, compared with a build of 3.3M barrels reported by the API for the previous week and expectations for an increase of about 700,000 barrels.
Gasoline stockpiles decreased by about 3M barrels, while distillate inventories -- the class of fuels that includes diesel and heating oil -- rose by 3.7M barrels.
The official government inventory report is due Wednesday at 10:30 a.m. EDT (1430 GMT).
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Miami Herald
an hour ago
- Miami Herald
Oil prices could climb higher if Mideast tensions escalate
Oil prices, which surged after Israel attacked Iran early Friday, could stay high as long as tensions are elevated in the Middle East. Higher oil prices may eventually lead to more expensive gasoline and diesel, hurting consumers and businesses, and throwing a wrench into the Trump administration's goal of lowering energy costs to keep inflation in check. The benchmark U.S. crude oil price settled at $72.98 a barrel Friday afternoon, up 7%. Prices briefly topped $77 a barrel shortly after the attack began. Where oil prices go from here depends on how Iran responds to the Israeli attacks, analysts said. Prices could climb further if Iran attacks energy infrastructure or U.S. bases in the region. But if it retaliates in a more limited fashion, oil prices are likely to fall in the coming weeks. Iran launched missiles at Israel on Friday night, some of which struck parts of Tel Aviv. The extent of the damage was not immediately clear. Either way, U.S. oil companies and big producers in the Middle East like Saudi Arabia are not likely to ramp up production quickly, said Robert McNally, an energy adviser under George W. Bush's administration who is now president of Rapidan Energy Group, a research firm in Washington. Producers know that although geopolitical conflicts often drive up prices in the short-term, which is good for them, the fighting can ultimately lead to recessions, which push oil demand down, McNally said. Saudi Arabia and other members of the oil cartel known as OPEC+ will also not want to be seen as supporting or benefiting from Israel's attack. 'They're going to hunker down, stay low and hope it blows over,' McNally said of OPEC+. Iran produces around 3% of the world's oil but could disrupt far more of it. That is partly because the country sits on the northern side of the Strait of Hormuz, a key shipping route that connects the Persian Gulf and the Gulf of Oman. Around a fifth of the world's oil and related fuels moves through the strait every day. And while it would be difficult for Iran to close that waterway for a long time, it could disrupt traffic, RBC Capital Markets analysts wrote Friday. In past periods of heightened political tensions, Iran has seized tankers or interfered with their GPS signals, making it more difficult to navigate the waterway, according to Rystad Energy, a research and consulting firm. That said, Iran has a financial incentive to keep the Strait of Hormuz open because nearly all of its oil exports pass through it. Any interference there could also hurt China, which is the biggest buyer of Iranian oil and relies heavily on energy shipped through the strait. Any disruptions would also affect the United States. While the country depends far less on oil from the Persian Gulf than it used to, many Americans are vulnerable to a big increase in oil prices. The economic and political ramifications of a big jump in energy prices are not lost on President Donald Trump. He was lamenting a recent, more modest price increase before Israel attacked Iran. 'I don't like that the oil prices have gone up just a little bit over the last few days,' Trump said at a White House event Thursday. He chided the energy secretary, Chris Wright, who was in the audience: 'I was going to call and just really start screaming at you. Are we OK? Nothing wrong, right? It's going to keep going down a little bit, right? Because we have inflation under control perfectly.' Oil prices remain moderate by historical standards. U.S. oil prices have averaged above $76 a barrel in each of the last three years, according to the Energy Information Administration. They have traded closer to $60 a barrel since early April, when Trump announced plans to place tariffs on nearly all U.S. trading partners. That stoked fears that an all-out trade war could cause a global economic slowdown -- and possibly tip the United States into a recession. Oil prices recovered somewhat after the Trump administration said it would keep many tariffs at a lower level temporarily to give the United States time to negotiate trade deals with other countries. Even so, many domestic oil producers have started to pull back, as some companies cannot make money drilling new wells at prices of $60 a barrel or less. If oil remains above $70 a barrel for a while, however, U.S. producers' plans could change again. Gasoline is now about 9% cheaper than it was a year ago, according to the AAA motor club. A gallon of regular gasoline costs $3.13 on average. Other energy costs are rising, however, including for electricity to power homes. Several studies have found that Trump's domestic policy bill, as it was passed by the House last month, would make things worse. Should oil get 'caught in the crossfire,' RBC analysts wrote, Trump would most likely ask Saudi Arabia and others to pump more to insulate U.S. consumers from the effects of the conflict. This article originally appeared in The New York Times. Copyright 2025
The Verge
2 hours ago
- The Verge
Posted Jun 13, 2025 at 4:16 PM EDT
Google explains Thursday's massive Cloud outage. Yesterday, a global outage on the Google Cloud platform knocked out Google Home, Spotify, Snapchat, and even some Cloudflare features, and today the company released a mini incident report as it continues to investigate. For Cloudflare's part, its report says the Google failure took out a central data store for one of its services. Google: From our initial analysis, the issue occurred due to an invalid automated quota update to our API management system which was distributed globally, causing external API requests to be rejected. To recover we bypassed the offending quota check, which allowed recovery in most regions within 2 hours. However, the quota policy database in us-central1 became overloaded, resulting in much longer recovery in that region.
Yahoo
4 hours ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq dive, oil surges as Israel and Iran trade strikes
US stocks fell on Friday after Israel's attack on Iran and Iran's retaliation shook global markets, pushing oil prices to their highest level since January. The Dow Jones Industrial Average (^DJI) tumbled nearly 1.8%, or almost 800 points, as investors steadily fled riskier assets. The S&P 500 (^GSPC) dropped about 1.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 1.3%. The major averages sank to a session low in the afternoon after Israeli defense forces said dozens of Iranian missiles were launched at Israel and "all of Israel is under fire." Iran called Israel's strike a "declaration of war." Iran's response came after Israel conducted overnight what it called a "preemptive strike" against Iranian targets, citing fears over the development of nuclear weapons. Crude oil (CL=F) prices soared more than 7%, paring gains of as much as 13% as the strikes hit the third-largest OPEC producer. Gold (GC=F) futures also jumped around 1.5% as investors flocked to the safe-haven asset. Israel's prime minister, Benjamin Netanyahu, has vowed that the operation against Iran's nuclear and military facilities would continue "for as many days as it takes," stoking fears of escalation. He said he expected "several waves" of retaliation from Iran. President Trump urged Iran to "make a deal" over its nuclear program to avert further conflict in a post on social media. "JUST DO IT, BEFORE IT IS TOO LATE," he wrote. Iran has threatened to target US assets in the Middle East as part of its "severe response." Earlier, Secretary of State Marco Rubio said Israel took "unilateral action" with no US involvement, as he warned Iran against targeting US interests and personnel. The dramatic developments came as stocks had been creeping higher despite Trump hinting at plans to advance his domestic agenda that could rattle markets. The president floated hiking auto tariffs just a day after he said he would impose unilateral tariff rates on countries within two weeks. Read more: The latest on Trump's tariffs Separately, he reiterated his call for a jumbo rate cut from the Federal Reserve, adding that he "may have to force something" amid easing inflation. Analysts expect the central bank to hold rates steady next week. US stocks fell Friday after Iran retaliated against Israel's overnight airstrikes, further escalating tensions in the Middle East and pushing oil prices higher. The Dow Jones Industrial Average (^DJI) declined about 1.8%, or nearly 800 points. The S&P 500 (^GSPC) fell about 1.1% to close below the 6,000 level for the first time this week. The tech-heavy Nasdaq Composite (^IXIC) dropped 1.3%. The major averages sank to session lows in afternoon trading after Israeli defense forces said dozens of Iranian missiles were launched at Israel and "all of Israel is under fire." Iran's missile strikes came after the Israel Defense Forces said they launched a "preemptive" strike against Iranian nuclear targets Crude oil (CL=F) soared more than 7% but pared overnight gains of as much as 14% as traders assessed the escalating conflict. With the Federal Reserve reluctant to cut rates and geopolitical risks on the upswing, the S&P 500 (GSPC) may find it difficult to meaningfully extend its rally off the April lows in the near future, according to Morgan Stanley's Wealth Management head of market research and strategy, Daniel Skelly. But the picture is much different at the sector and individual stock levels. "Industrials have already reclaimed record highs amid tailwinds from AI infrastructure spending and potential reshoring trends," said Skelly in a note on Friday. However, "defensive stocks, including health care and consumer staples with lower tariff risk, could outperform cyclicals over the next three to four months," he added. The S&P 500 fell back below the 6,000 level on Friday after Israel launched an attack on Iran. The broad-based index sits almost 200 points away from its February all-time closing high of 6,144.15. The market dipped to session lows on Friday after Israel said it had identified missiles launched from Iran. "All of Israel is under fire as Iran fires projectiles," said the Israel Defense Forces in an X post. "The Iranian attack is ongoing. Dozens of additional missiles were launched toward Israel," said another IDF post. Stocks fell to a session low with the Dow Jones Industrial Average (^DJI) dropping about 2%. The S&P 500 (^GSPC) fell around 1.2%. The tech-heavy Nasdaq Composite (^IXIC) declined roughly 1.4%. Gold (GC=F) prices surged Friday as investors flocked to safe-haven assets following Israel's airstrikes on Iran. Spot gold climbed to hover near $3,425 per troy ounce, inching closer to its April record high of $3,500.05. Gold futures rose 1.3% to trade near $3,450.50 per ounce. Year to date gold is up roughly 32%. Energy stocks outperformed the rest of the market on Friday as oil prices surged as much 7% in reaction to Israel's airstrikes against Iran. The S&P 500 Energy Select ETF (XLE) gained more than 1%. Year to-date, the sector is up more than 2%. Yahoo Finance's Ben Werschkul reports: Read more here. Visa (V) Visa was the No. 1 trending ticker on Yahoo Finance on Friday after a Wall Street Journal report said major retailers like Walmart (WMT) and Amazon (AMZN) are considering issuing their own stablecoins, which could allow the retailers to avoid significant fees from traditional payment systems. Adobe (ADBE) Adobe stock is under pressure despite raising its full-year outlook and reporting record-high sales in its second quarter. Despite the results, Wall Street analysts pointed out concerns over competitive pressures and a longer time horizon to reach significant AI monetization. RH (RH) RH stock rallied on Friday, rising more than 11% in early trading after the company reported a surprise profit in the first quarter and maintained its full-year outlook, alleviating concerns about the business amid tariffs and a weak housing market. Yahoo Finance's Pras Subramanian reports: Read more here. Consumers are starting to feel better about the US economy as President Trump dials back his most aggressive stances on tariffs. The latest University of Michigan survey released Friday showed sentiment increased for the first time in six months. The index increased to a reading of 60.5, above the 52.2 seen last month and the 53.6 expected by economists. The increase came after May brought one of the lowest readings on record. Pessimism over the inflation outlook lessened in June as one-year inflation expectations plunged from a more than four-decade high to 5.1%. In May, one-year inflation expectations hit 6.6%. Long-run inflation expectations, which track expectations over the next five to 10 years, also fell, hitting 4.1% in June, down from 4.2% in May. "Consumers appear to have settled somewhat from the shock of the extremely high tariffs announced in April and the policy volatility seen in the weeks that followed," Survey of Consumers director Joanne Hsu wrote in the release. Hsu added, "Despite this month's notable improvement, consumers remain guarded and concerned about the trajectory of the economy." Read more here. President Trump told The Wall Street Journal on Friday that Israel's strikes on Iran could end up being "great for the market." He told the publication: Trump did not immediately react to the unfolding situation late Thursday, but he has spent Friday morning expressing support for Israel's actions and warning Iran to make a deal over its nuclear program — or face more repercussions. Stocks opened lower on Friday after Israel attacked Iran, and oil prices surged as investors fled to safe-haven assets. The Dow Jones Industrial Average (^DJI) dropped about 1%, while the S&P 500 (^GSPC) fell around 1%. The tech-heavy Nasdaq Composite (^IXIC) declined roughly 1.3%. Israel said it targeted Iran's nuclear program. Oil futures (CL=F) soared as much as 13%. Gold futures (GC=F) jumped 1.7%, while bitcoin (BTC-USD) partially recovered from an overnight tumble to hover around $105,000 per token. RH stock soared 20% premarket Friday after the company reported a surprise profit and maintained its full-year outlook. The home furnisher reported earnings of $0.13 per share, compared to analyst estimates for a $0.09 loss. Revenue came in at $814 million, slightly below LSEG-compiled estimates for $818 million. RH has had a rough start to its 2025 fiscal year. The stock is down 55% year to date as the company battled tariffs, market volatility, and a weaker housing market. On the company's earnings call, RH CEO Gary Friedman outlined some of the company's struggles, particularly with its supply chain in the wake of "Liberation Day" tariffs. "Everywhere got rocked from the reciprocal tariff announcements," Friedman said. "When the market went down, our business went down." Read more here. For a two-year stretch, the "Magnificent Seven" stocks led a small cohort of stocks outperforming the S&P 500 (^GSPC). Now, a broader set of names are participating in year-to-date gains, and several Wall Street strategists see that as a bullish sign for markets. Yahoo Finance's Josh Schafer writes in today's Morning Brief: Read more here. Shares in airlines are under pressure from the surge in crude oil prices, which is likely to hike their fuel costs. United Airlines (UAL) led the stock declines, sliding 5.2% in pre-market trading. Delta Air Lines (DAL) shares fell 4.8%, Southwest Airlines (LUV) backed off 3.1%, and American Airlines (AAL) moved 4.3% lower. Carriers are already grappling with a slowdown in bookings, the risk of new US tariffs on imported planes, and a hit to consumer confidence from trade tensions. Israel's attack on Iran's nuclear and military facilities is spooking markets across the board. Here's where major assets stand early on Friday morning amid mounting fears of an escalating conflict. Oil Crude futures were up about 8%, with Brent (BZ=F) trading at $74.60 a barrel and West Texas Intermediate (CL=F) at $73.. Both benchmarks were easing back from a steeper spike in the aftermath of the strike, which saw Brent surge over 13%. Gold The precious metal jumped 1% to about $3,437 an ounce as investors sought out safer assets. Gold has already risen about 30% this year so far as President Trump's trade policy unsettled markets. US Dollar The greenback (DX=F) rose in the rush to havens, gaining over 0.6% against a basket of other major currencies. But some see the rally as more limited than expected, putting its reputation as a crisis shelter to the test. Bitcoin The biggest cryptocurrency (BTC-USD) sank as much as 3% against the dollar after the attack. It has pared losses slightly, and is now down about 2% at around $104,800. Other digital tokens also retreated, with ether (ETH-USD) pulling back almost 8% at one point. Economic data: University of Michigan Consumer Sentiment (June preliminary) Earnings: No notable earnings releases. Here are some of the biggest stories you may have missed overnight and early this morning: What analysts are watching as MidEast war risks loom Oil surges as Israel strikes on Iran stoke tensions This year's stock rally is about more than the 'Magnificent 7' Gold jumps after Israel launches strikes on Iran Israel hits Iran, warns more attacks to come Robotaxi wars: How Waymo got the edge on Tesla (so far) Oil outlook in flux as analysts revise views after Israel strike US dollar rises in rush to safety after Israel strikes Iran President Trump weighed in early Friday with his first comments on the escalating situation in the Middle East. On Truth Social, he posted a screed urging Iran to "make a deal." The only event on Trump's public schedule today is national security council meeting at 11 a.m. ET. Here are some top stocks trending on Yahoo Finance in premarket trading: Israel launched a surprise strike on an Iranian military site overnight. The move raised fears of wider conflict in the region. As a result, energy stocks rose in premarket trading. Diamondback Energy, Inc. (FANG) stock was up 6%, and Occidental Petroleum Corporation (OXY) rose 5%. Defense stocks also climbed before the bell as investors reacted to Israel's strike on Iran. RTX Corporation (RTX) was up 6%, and Lockheed Martin Corporation (LMT) rose 4%. Bitcoin and other cryptocurrencies fell as the Israeli attack on Iran shook global markets. Both of the two major currencies, bitcoin and ether, held significant losses. Bloomberg reports: Read more here. Asian markets sank late Thursday evening as an Israeli attack on Iran shook global markets, leading to widespread sell-offs as investors sought safer assets. Reuters reports: US stocks fell Friday after Iran retaliated against Israel's overnight airstrikes, further escalating tensions in the Middle East and pushing oil prices higher. The Dow Jones Industrial Average (^DJI) declined about 1.8%, or nearly 800 points. The S&P 500 (^GSPC) fell about 1.1% to close below the 6,000 level for the first time this week. The tech-heavy Nasdaq Composite (^IXIC) dropped 1.3%. The major averages sank to session lows in afternoon trading after Israeli defense forces said dozens of Iranian missiles were launched at Israel and "all of Israel is under fire." Iran's missile strikes came after the Israel Defense Forces said they launched a "preemptive" strike against Iranian nuclear targets Crude oil (CL=F) soared more than 7% but pared overnight gains of as much as 14% as traders assessed the escalating conflict. With the Federal Reserve reluctant to cut rates and geopolitical risks on the upswing, the S&P 500 (GSPC) may find it difficult to meaningfully extend its rally off the April lows in the near future, according to Morgan Stanley's Wealth Management head of market research and strategy, Daniel Skelly. But the picture is much different at the sector and individual stock levels. "Industrials have already reclaimed record highs amid tailwinds from AI infrastructure spending and potential reshoring trends," said Skelly in a note on Friday. However, "defensive stocks, including health care and consumer staples with lower tariff risk, could outperform cyclicals over the next three to four months," he added. The S&P 500 fell back below the 6,000 level on Friday after Israel launched an attack on Iran. The broad-based index sits almost 200 points away from its February all-time closing high of 6,144.15. The market dipped to session lows on Friday after Israel said it had identified missiles launched from Iran. "All of Israel is under fire as Iran fires projectiles," said the Israel Defense Forces in an X post. "The Iranian attack is ongoing. Dozens of additional missiles were launched toward Israel," said another IDF post. Stocks fell to a session low with the Dow Jones Industrial Average (^DJI) dropping about 2%. The S&P 500 (^GSPC) fell around 1.2%. The tech-heavy Nasdaq Composite (^IXIC) declined roughly 1.4%. Gold (GC=F) prices surged Friday as investors flocked to safe-haven assets following Israel's airstrikes on Iran. Spot gold climbed to hover near $3,425 per troy ounce, inching closer to its April record high of $3,500.05. Gold futures rose 1.3% to trade near $3,450.50 per ounce. Year to date gold is up roughly 32%. Energy stocks outperformed the rest of the market on Friday as oil prices surged as much 7% in reaction to Israel's airstrikes against Iran. The S&P 500 Energy Select ETF (XLE) gained more than 1%. Year to-date, the sector is up more than 2%. Yahoo Finance's Ben Werschkul reports: Read more here. Visa (V) Visa was the No. 1 trending ticker on Yahoo Finance on Friday after a Wall Street Journal report said major retailers like Walmart (WMT) and Amazon (AMZN) are considering issuing their own stablecoins, which could allow the retailers to avoid significant fees from traditional payment systems. Adobe (ADBE) Adobe stock is under pressure despite raising its full-year outlook and reporting record-high sales in its second quarter. Despite the results, Wall Street analysts pointed out concerns over competitive pressures and a longer time horizon to reach significant AI monetization. RH (RH) RH stock rallied on Friday, rising more than 11% in early trading after the company reported a surprise profit in the first quarter and maintained its full-year outlook, alleviating concerns about the business amid tariffs and a weak housing market. Yahoo Finance's Pras Subramanian reports: Read more here. Consumers are starting to feel better about the US economy as President Trump dials back his most aggressive stances on tariffs. The latest University of Michigan survey released Friday showed sentiment increased for the first time in six months. The index increased to a reading of 60.5, above the 52.2 seen last month and the 53.6 expected by economists. The increase came after May brought one of the lowest readings on record. Pessimism over the inflation outlook lessened in June as one-year inflation expectations plunged from a more than four-decade high to 5.1%. In May, one-year inflation expectations hit 6.6%. Long-run inflation expectations, which track expectations over the next five to 10 years, also fell, hitting 4.1% in June, down from 4.2% in May. "Consumers appear to have settled somewhat from the shock of the extremely high tariffs announced in April and the policy volatility seen in the weeks that followed," Survey of Consumers director Joanne Hsu wrote in the release. Hsu added, "Despite this month's notable improvement, consumers remain guarded and concerned about the trajectory of the economy." Read more here. President Trump told The Wall Street Journal on Friday that Israel's strikes on Iran could end up being "great for the market." He told the publication: Trump did not immediately react to the unfolding situation late Thursday, but he has spent Friday morning expressing support for Israel's actions and warning Iran to make a deal over its nuclear program — or face more repercussions. Stocks opened lower on Friday after Israel attacked Iran, and oil prices surged as investors fled to safe-haven assets. The Dow Jones Industrial Average (^DJI) dropped about 1%, while the S&P 500 (^GSPC) fell around 1%. The tech-heavy Nasdaq Composite (^IXIC) declined roughly 1.3%. Israel said it targeted Iran's nuclear program. Oil futures (CL=F) soared as much as 13%. Gold futures (GC=F) jumped 1.7%, while bitcoin (BTC-USD) partially recovered from an overnight tumble to hover around $105,000 per token. RH stock soared 20% premarket Friday after the company reported a surprise profit and maintained its full-year outlook. The home furnisher reported earnings of $0.13 per share, compared to analyst estimates for a $0.09 loss. Revenue came in at $814 million, slightly below LSEG-compiled estimates for $818 million. RH has had a rough start to its 2025 fiscal year. The stock is down 55% year to date as the company battled tariffs, market volatility, and a weaker housing market. On the company's earnings call, RH CEO Gary Friedman outlined some of the company's struggles, particularly with its supply chain in the wake of "Liberation Day" tariffs. "Everywhere got rocked from the reciprocal tariff announcements," Friedman said. "When the market went down, our business went down." Read more here. For a two-year stretch, the "Magnificent Seven" stocks led a small cohort of stocks outperforming the S&P 500 (^GSPC). Now, a broader set of names are participating in year-to-date gains, and several Wall Street strategists see that as a bullish sign for markets. Yahoo Finance's Josh Schafer writes in today's Morning Brief: Read more here. Shares in airlines are under pressure from the surge in crude oil prices, which is likely to hike their fuel costs. United Airlines (UAL) led the stock declines, sliding 5.2% in pre-market trading. Delta Air Lines (DAL) shares fell 4.8%, Southwest Airlines (LUV) backed off 3.1%, and American Airlines (AAL) moved 4.3% lower. Carriers are already grappling with a slowdown in bookings, the risk of new US tariffs on imported planes, and a hit to consumer confidence from trade tensions. Israel's attack on Iran's nuclear and military facilities is spooking markets across the board. Here's where major assets stand early on Friday morning amid mounting fears of an escalating conflict. Oil Crude futures were up about 8%, with Brent (BZ=F) trading at $74.60 a barrel and West Texas Intermediate (CL=F) at $73.. Both benchmarks were easing back from a steeper spike in the aftermath of the strike, which saw Brent surge over 13%. Gold The precious metal jumped 1% to about $3,437 an ounce as investors sought out safer assets. Gold has already risen about 30% this year so far as President Trump's trade policy unsettled markets. US Dollar The greenback (DX=F) rose in the rush to havens, gaining over 0.6% against a basket of other major currencies. But some see the rally as more limited than expected, putting its reputation as a crisis shelter to the test. Bitcoin The biggest cryptocurrency (BTC-USD) sank as much as 3% against the dollar after the attack. It has pared losses slightly, and is now down about 2% at around $104,800. Other digital tokens also retreated, with ether (ETH-USD) pulling back almost 8% at one point. Economic data: University of Michigan Consumer Sentiment (June preliminary) Earnings: No notable earnings releases. Here are some of the biggest stories you may have missed overnight and early this morning: What analysts are watching as MidEast war risks loom Oil surges as Israel strikes on Iran stoke tensions This year's stock rally is about more than the 'Magnificent 7' Gold jumps after Israel launches strikes on Iran Israel hits Iran, warns more attacks to come Robotaxi wars: How Waymo got the edge on Tesla (so far) Oil outlook in flux as analysts revise views after Israel strike US dollar rises in rush to safety after Israel strikes Iran President Trump weighed in early Friday with his first comments on the escalating situation in the Middle East. On Truth Social, he posted a screed urging Iran to "make a deal." The only event on Trump's public schedule today is national security council meeting at 11 a.m. ET. Here are some top stocks trending on Yahoo Finance in premarket trading: Israel launched a surprise strike on an Iranian military site overnight. The move raised fears of wider conflict in the region. As a result, energy stocks rose in premarket trading. Diamondback Energy, Inc. (FANG) stock was up 6%, and Occidental Petroleum Corporation (OXY) rose 5%. Defense stocks also climbed before the bell as investors reacted to Israel's strike on Iran. RTX Corporation (RTX) was up 6%, and Lockheed Martin Corporation (LMT) rose 4%. Bitcoin and other cryptocurrencies fell as the Israeli attack on Iran shook global markets. Both of the two major currencies, bitcoin and ether, held significant losses. Bloomberg reports: Read more here. Asian markets sank late Thursday evening as an Israeli attack on Iran shook global markets, leading to widespread sell-offs as investors sought safer assets. Reuters reports:
