
U.S. braces for heightened threats in wake of Iran strikes
Travel disruptions, cyber attacks, demonstrations and heightened security presence are likely following attacks on Iran, U.S. officials have warned.
The big picture: The weekend airstrikes on Iran's nuclear facilities by the U.S. — dubbed Operation Midnight Hammer — marked a historic escalation in the Middle East that Tehran has framed as a betrayal of diplomacy.
How and when Iran will respond to the attack, which could provoke retaliation against U.S. troops in the region or prompt trade disruptions, remains unclear.
Driving the news: The Department of Homeland Security said in a Sunday advisory that the ongoing conflict is creating a "heightened threat environment" in the U.S.
Low-level cyber attacks from pro-Iranian hacktivists against U.S. networks are likely, and attacks from state-affiliated actors could occur, the bulletin warned.
DHS predicted the likelihood of violent extremists "in the Homeland independently mobilizing" would increase if Iran issued a "religious ruling" calling for retaliatory violence.
Since the start of the conflict, the DHS memo read, several foreign terrorist organizations have called for violence against U.S. assets and personnel in the Middle East.
Zoom out: The State Department also issued a "Worldwide Caution" alert warning of the "potential for demonstrations against U.S. citizens and interests abroad."
And several major cities, including the nation's capital, said they'd step up security in sensitive areas, including places of worship.
DHS and FBI officials discussed with some governors and law enforcement on Sunday how the strikes could escalate the threat environment, multiple outlets reported.
Threat level: Iranian UN Ambassador Amir Saeid Iravani blasted the attacks at an emergency Security Council meeting, where he said that Iran's armed forces will determine the" timing, nature and scale" of its response.
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The Hill
21 minutes ago
- The Hill
Trump knocks ‘sleazebag' journalists over Iran strikes: ‘Everyone knows' sites ‘totally destroyed'
President Trump on Monday lashed out at the media as journalists reported on the uncertainty around the extent of destruction at Iranian nuclear facilities targeted by U.S. strikes over the weekend. Trump blasted reporters and executives at CNN, ABC News and NBC News in the aftermath of the U.S. strikes. Multiple news outlets have reported on the damage to the Iranian facilities and the question of whether the sites were completely destroyed, as the president had previously said. 'The sites that we hit in Iran were totally destroyed, and everyone knows it. Only the Fake News would say anything different in order to try and demean, as much as possible — And even they say they were 'pretty well destroyed!'' Trump posted. 'It never ends with the sleazebags in the Media, and that's why their Ratings are at an ALL TIME LOW — ZERO CREDIBILITY!' he added. Trump's post came as he met in the Situation Room with members of his national security team after Iran fired missiles at a U.S. base in Qatar. The U.S. on Saturday struck three Iranian nuclear facilities: Fordow, Natanz and Isfahan. Trump described the targets in an address to the nation as 'completely and totally obliterated,' something he reiterated in a social media post late Sunday. But experts have acknowledged it would take time to determine the extent of the damage from U.S. strikes, and some reports raised the possibility that Iran moved some of its enriched uranium away from those sites ahead of the attack. 'Final battle damage will take some time, but initial battle damage assessments indicate that all three sites sustained extremely severe damage and destruction,' Chair of the Joint Chiefs of Staff Gen. Dan Caine said Sunday. The New York Times reported there was evidence Iran had moved equipment and uranium from the Fordow site in recent days, citing two Israeli officials. The Times also cited text messages from the head of the International Atomic Energy Agency indicating Iran had moved its uranium stockpile.
Yahoo
21 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq rise, oil tanks 7% after Iran's response to US strikes
US stocks rose on Monday while oil prices tanked following reports that Iran launched missiles at a US air base in Qatar in retaliation for US strikes against Iranian nuclear sites. The Dow Jones Industrial Average (^DJI) rose 0.6%. The S&P 500 (^GSPC) gained 0.7%, and the tech-heavy Nasdaq (^IXIC) rose around 0.9%. Oil prices fell as investors assessed the extent of Iran's retaliation. Brent crude (BZ=F) futures fell more than 7%, trading above $71 a barrel, while WTI crude futures (CL=F) hovered near $68. Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move the Associated Press said signaled "a likely desire to deescalate." Qatar said the strike did not cause any casualties. That appeared to give a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump's decision to join Israel's attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide. Trump said late Saturday that the US had struck Iran's three main nuclear enrichment facilities, saying the sites had been "totally obliterated" — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks. Elsewhere in markets, gold (GC=F) ticked higher, also switching course amid wavering haven demand. Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut "as soon" as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term. Oil extended declines to 7% on Monday following Iran's response to US bombings on Iranian nuclear sites, which appeared to spare the energy market. Brent crude (BZ=F), the international benchmark, fell more than 7% to slip below $72 per barrel. West Texas Intermediate (CL=F) also dropped to $68 per barrel. The declines came after Iranian state media said it launched missiles toward a US air base in Qatar. The retaliation against the US was seen as measured, given that traders feared a disruption to the oil market was possible. Meanwhile, US Energy Secretary Chris Wright seemed to downplay the possibility that Iran would close the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world's oil flows. 'There is some risk of that, but I don't think the risk is huge,' Wright said during an interview with CNBC. Stocks are taking their cues from the oil market right now. Brent crude (BZ=F), the international benchmark, fell about 6% to slip below $72.50 a barrel. West Texas Intermediate (CL=F) futures also slid about 6% to fall about $70 off reports that Iran launched missiles toward US air bases in Qatar and Iraq in retaliation over US strikes against Iranian nuclear sites. The instant investor read through appeared to be positive since the retaliatory attacks didn't threaten the outlook for oil supply. Stocks rose as oil fell. The S&P 500 (^GSPC) added 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) rose 0.8% and the Dow Jones Industrial Average (^DJI) about 0.7%, or just under 300 points. Oil prices fell on Monday after Iran's retaliatory moves following US strikes on the country's nuclear sites appeared to spare any supply of energy products. West Texas Intermediate fell 4%, while Brent crude also dropped more than 4% after Iranian state media said it launched missiles against US air bases in Qatar. Prior to the missile attacks, Wall Street weighed the possibility of an energy supply shock if Iran were to close the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world's oil products flow. Yahoo Finance's Josh Schafer reports: Read more here. Google's artificial intelligence model is set to drive $4.2 billion in subscription revenue within its Google Cloud segment in 2025, according to an analysis from Bank of America on Monday. That includes $3.1 billion in revenue from subscribers to Google's AI plans with its Google One service, Bank of America's Justin Post estimates. Post also expects that the integration of Google's Gemini AI features within its Workspace service will drive $1.1 billion of the $7.7 billion in revenue he projects for that segment in 2025. 'We believe Google has moved beyond the catch-up phase in the LLM [large language model] race, with Gemini now comparing favorably with leading peer models from OpenAI, Anthropic, xAI, and Meta,' Post wrote, saying that AI is a 'major growth driver for Google Cloud.' But, Post added, 'While the revenue opportunity is growing with subscriptions, Google will likely see a significant deterioration of market share relative to its ~90% share of search revenues.' At the same time, Alphabet is set to spend $75 billion on AI investments in 2025. 'If revenue growth doesn't keep pace with rising Capex, higher spending could weigh on free cash flow and margin projections,' Post wrote. He holds a Buy rating and $200 price target on Alphabet (GOOGL, GOOG) shares. Yahoo Finance's Anjalee Khemlani reports: Read more here. Yahoo Finance's Claire Boston reports: Read more here. Yahoo Finance's Jennifer Schonberger reports: Read more here. President Trump called for lower energy prices as he posted on social media on Monday: "EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING! YOU'RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON'T DO IT!" He also wrote,"To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!" Oil futures fell more than 1% on Monday after spiking more than 5% on Sunday night as traders assessed whether Iran would close off the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world's oil products flow. Strategy (MSTR) stock fell as much as 3% on Monday morning after the Michael Saylor-helmed firm announced another bitcoin purchase. The software firm turned crypto giant said in a filing with the US Securities and Exchange Commission that it bought $26 million worth of bitcoin between June 16 and June 22. As of Monday's filing, Strategy has spent nearly $42 billion to acquire over 592,000 bitcoins since 2020. Over that time frame, the stock has soared more than 2,800% relative to the S&P 500's 78% gain. Strategy shares pared initial losses shortly after the market opened and are down less than 1%. At the same time, Strategy is facing two new lawsuits from investors — one filed in May, the second last week — over its bitcoin strategy. The lawsuits allege that the company misled investors about how its bitcoin strategy would affect its profits and its stock price, given the cryptocurrency's volatility. Tesla stock (TSLA) rose 5% in early trading Monday after its robotaxi launch kicked off on Sunday in Austin, Texas. Yahoo Finance's Pras Subramanian reports that several users on X claimed they were able to hail and ride some of the 10-20 Tesla Model Y vehicles available, which featured "Robotaxi" graphics on the sides of the cars. Tesla CEO Elon Musk had announced the rollout on X earlier in the day, saying that customers will pay a flat $4.20 fee. Only select invited Tesla users were invited to test the robotaxi service, as it begins to scale to take on industry leader Waymo (GOOG, GOOGL). Wedbush analyst and Tesla bull Dan Ives wrote in a note: 'We took two approximately 15 minute rides around Austin and the key takeaways are that it was a comfortable, safe, and personalized experience.' Read more here. US stocks wavered on Monday as oil trimmed gains and supply worries eased over Iran's possible retaliatory move following US strikes on the country's nuclear facilities. The Dow Jones Industrial Average (^DJI) fell slightly while the S&P 500 (^GSPC) was little changed. The tech-heavy Nasdaq (^IXIC) fell slightly. OIl futures were little changed after spiking more than 5% on Sunday night as traders assessed whether Iran would close off the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world's oil products flow. Trump Media & Technology (DJT) stock rose 4% before the market opened Monday morning after the company announced a $400 million stock buyback. Shares of the company — in which President Trump is the majority stakeholder — have fallen roughly 48% in 2025. Stock buybacks, a common practice that faces a fair share of criticism, reduce the amount of a company's common shares in the public market and, hence, boost its earnings per share even if its profits don't rise. Trump Media said the buybacks 'would be funded separately from, and would not alter, Trump Media's previously announced Bitcoin treasury strategy.' The company is aiming to create a bitcoin treasury to hold the cryptocurrency on its balance sheet and announced a $2.5 billion private funding round to fund the initiative in May. Trump Media is part of a wave of firms following in the footsteps of crypto tycoon Michael Saylor's company, Strategy (MSTR), which has seen its stock soar by buying up bitcoin. Wedbush analyst Dan Ives wrote in a note to clients on Monday that he expects cybersecurity stocks to be in focus following the US bombing of three Iranian nuclear facilities over the weekend. Ives wrote that 'cyber security stocks in particular [are] set to be front and center this week as investors anticipate some cyber attacks from Iran could be on the horizon as retaliation.' 'On the cyber security sector, our favorite names remain Palo Alto (PANW), Cyberark (CYBR), Crowdstrike (CRWD), Zscaler (ZS), and Checkpoint (CHKP)." The stocks traded roughly flat premarket on Monday. Defense stocks were modestly higher Monday during premarket trading after the US bombed three Iranian nuclear facilities over the weekend. Palantir (PLTR), Lockheed Martin (LMT), and Northrop Grumman (NOC) rose less than 1%, while RTX (RTX) climbed 1.3%. Palantir supplies AI-fueled defense tech to Israel, which has prompted blowback from former employees and protesters. The other three companies supply weapons to Israel through their contracts with the US government. The defense stocks had jumped immediately after Israel's first airstrikes on Iran on June 12, but only RTX has sustained notable gains of 4% since those strikes. Lockheed Martin is up 0.3% over that time frame, while Northrop Grumman is roughly flat (up 0.1%). Palantir has risen 1.6%. Jefferies (JEF) analyst Mohit Kumar wrote Monday, 'Market is now waiting to see how Iran reacts …However, we are not fully convinced around the market's sanguine reaction.' 'Defence has been one area that we have been bullish on, and we continue to maintain our overweight exposure,' he added. 'NATO countries have moved to increase defense spending with a long term goal of taking to 5% of GDP. We are typically skeptical of long term goals as goal posts do change, but it is also clear to us that defense spending needs to increase globally and not just for NATO countries.' Energy stocks rose alongside rising oil prices in premarket trading on Monday while overall stock futures wobbled. Those with oil production in the US and outside the Middle East caught a bid as investors weighed the possibility of further disruption to the oil supply following the US strikes on Iran. The Energy Select Sector SPDR Fund (XLE) advanced 0.6% and has risen 6% in the past month. Here's a look at how trending energy stocks are trading this morning: View more trending tickers here. Yahoo Finance's Jennifer Schonberger reports: Read more here. Economic data: Chicago Fed activity index (February); S&P Global US Manufacturing PMI (March preliminary); S&P Global US services PMI (March preliminary); S&P Global US Composite PMI (March preliminary) Earnings: FactSet (FDS), KB Home (KBH) Here are some of the biggest stories you may have missed overnight and early this morning: Trump just made the Fed's rate call even more complicated Opinion: Trump wages 2 wars — one with trade partners, one with Iran Why Iran could hold off blocking the Strait of Hormuz Oil erases spike in gains in wait for Iran's response Morgan Stanley: Geopolitical selloffs tend to fade fast Analysts react as markets brace for Iran's next move Dollar advances as investors brace for Iran response to US attacks BNY Mellon approached Northern Trust for merger: WSJ Here are some top stocks trending on Yahoo Finance in premarket trading: Tesla (TSLA) stock rose over 1% in premarket trading after rolling out its driverless taxi service to riders on Sunday. The debut of the robotaxi was introduced to a handful of riders, which included retail investors and social-media influencers in Tesla's hometown of Austin. Wolfspeed (WOLF) stock fell 11% in premarket trading on Monday after announcing it plans to file for bankruptcy in the US under a new restructuring agreement with its creditors. The agreement would provide fresh financing and slash debt by nearly 70%. Northern Trust Corporation (NTRS) shares rose 4% before the bell after a report from The Wall Street Journal said that Bank of New York Mellon Corp had reached out to the asset and wealth manager and expressed interest in a merger. Most investors will awaken today searching online for "Strait of Hormuz" after the weekend attacks from the US on Iran. For speed of analysis purposes, if this key oil shipping hub closes down (seems like it won't happen, based on everything I am seeing this morning), it could really send oil (CL=F, BZ=F) prices skyrocketing. Here's what Goldman's team estimates: "If oil flows through the Strait of Hormuz were to drop by 50% for one month and then were to remain down 10% for another 11 months, we estimate that Brent would briefly jump to a peak of around $110." Read more here on Goldman's scenarios. Oil extended declines to 7% on Monday following Iran's response to US bombings on Iranian nuclear sites, which appeared to spare the energy market. Brent crude (BZ=F), the international benchmark, fell more than 7% to slip below $72 per barrel. West Texas Intermediate (CL=F) also dropped to $68 per barrel. The declines came after Iranian state media said it launched missiles toward a US air base in Qatar. The retaliation against the US was seen as measured, given that traders feared a disruption to the oil market was possible. Meanwhile, US Energy Secretary Chris Wright seemed to downplay the possibility that Iran would close the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world's oil flows. 'There is some risk of that, but I don't think the risk is huge,' Wright said during an interview with CNBC. Stocks are taking their cues from the oil market right now. Brent crude (BZ=F), the international benchmark, fell about 6% to slip below $72.50 a barrel. West Texas Intermediate (CL=F) futures also slid about 6% to fall about $70 off reports that Iran launched missiles toward US air bases in Qatar and Iraq in retaliation over US strikes against Iranian nuclear sites. The instant investor read through appeared to be positive since the retaliatory attacks didn't threaten the outlook for oil supply. Stocks rose as oil fell. The S&P 500 (^GSPC) added 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) rose 0.8% and the Dow Jones Industrial Average (^DJI) about 0.7%, or just under 300 points. Oil prices fell on Monday after Iran's retaliatory moves following US strikes on the country's nuclear sites appeared to spare any supply of energy products. West Texas Intermediate fell 4%, while Brent crude also dropped more than 4% after Iranian state media said it launched missiles against US air bases in Qatar. Prior to the missile attacks, Wall Street weighed the possibility of an energy supply shock if Iran were to close the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world's oil products flow. Yahoo Finance's Josh Schafer reports: Read more here. Google's artificial intelligence model is set to drive $4.2 billion in subscription revenue within its Google Cloud segment in 2025, according to an analysis from Bank of America on Monday. That includes $3.1 billion in revenue from subscribers to Google's AI plans with its Google One service, Bank of America's Justin Post estimates. Post also expects that the integration of Google's Gemini AI features within its Workspace service will drive $1.1 billion of the $7.7 billion in revenue he projects for that segment in 2025. 'We believe Google has moved beyond the catch-up phase in the LLM [large language model] race, with Gemini now comparing favorably with leading peer models from OpenAI, Anthropic, xAI, and Meta,' Post wrote, saying that AI is a 'major growth driver for Google Cloud.' But, Post added, 'While the revenue opportunity is growing with subscriptions, Google will likely see a significant deterioration of market share relative to its ~90% share of search revenues.' At the same time, Alphabet is set to spend $75 billion on AI investments in 2025. 'If revenue growth doesn't keep pace with rising Capex, higher spending could weigh on free cash flow and margin projections,' Post wrote. He holds a Buy rating and $200 price target on Alphabet (GOOGL, GOOG) shares. Yahoo Finance's Anjalee Khemlani reports: Read more here. Yahoo Finance's Claire Boston reports: Read more here. Yahoo Finance's Jennifer Schonberger reports: Read more here. President Trump called for lower energy prices as he posted on social media on Monday: "EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING! YOU'RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON'T DO IT!" He also wrote,"To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!" Oil futures fell more than 1% on Monday after spiking more than 5% on Sunday night as traders assessed whether Iran would close off the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world's oil products flow. Strategy (MSTR) stock fell as much as 3% on Monday morning after the Michael Saylor-helmed firm announced another bitcoin purchase. The software firm turned crypto giant said in a filing with the US Securities and Exchange Commission that it bought $26 million worth of bitcoin between June 16 and June 22. As of Monday's filing, Strategy has spent nearly $42 billion to acquire over 592,000 bitcoins since 2020. Over that time frame, the stock has soared more than 2,800% relative to the S&P 500's 78% gain. Strategy shares pared initial losses shortly after the market opened and are down less than 1%. At the same time, Strategy is facing two new lawsuits from investors — one filed in May, the second last week — over its bitcoin strategy. The lawsuits allege that the company misled investors about how its bitcoin strategy would affect its profits and its stock price, given the cryptocurrency's volatility. Tesla stock (TSLA) rose 5% in early trading Monday after its robotaxi launch kicked off on Sunday in Austin, Texas. Yahoo Finance's Pras Subramanian reports that several users on X claimed they were able to hail and ride some of the 10-20 Tesla Model Y vehicles available, which featured "Robotaxi" graphics on the sides of the cars. Tesla CEO Elon Musk had announced the rollout on X earlier in the day, saying that customers will pay a flat $4.20 fee. Only select invited Tesla users were invited to test the robotaxi service, as it begins to scale to take on industry leader Waymo (GOOG, GOOGL). Wedbush analyst and Tesla bull Dan Ives wrote in a note: 'We took two approximately 15 minute rides around Austin and the key takeaways are that it was a comfortable, safe, and personalized experience.' Read more here. US stocks wavered on Monday as oil trimmed gains and supply worries eased over Iran's possible retaliatory move following US strikes on the country's nuclear facilities. The Dow Jones Industrial Average (^DJI) fell slightly while the S&P 500 (^GSPC) was little changed. The tech-heavy Nasdaq (^IXIC) fell slightly. OIl futures were little changed after spiking more than 5% on Sunday night as traders assessed whether Iran would close off the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world's oil products flow. Trump Media & Technology (DJT) stock rose 4% before the market opened Monday morning after the company announced a $400 million stock buyback. Shares of the company — in which President Trump is the majority stakeholder — have fallen roughly 48% in 2025. Stock buybacks, a common practice that faces a fair share of criticism, reduce the amount of a company's common shares in the public market and, hence, boost its earnings per share even if its profits don't rise. Trump Media said the buybacks 'would be funded separately from, and would not alter, Trump Media's previously announced Bitcoin treasury strategy.' The company is aiming to create a bitcoin treasury to hold the cryptocurrency on its balance sheet and announced a $2.5 billion private funding round to fund the initiative in May. Trump Media is part of a wave of firms following in the footsteps of crypto tycoon Michael Saylor's company, Strategy (MSTR), which has seen its stock soar by buying up bitcoin. Wedbush analyst Dan Ives wrote in a note to clients on Monday that he expects cybersecurity stocks to be in focus following the US bombing of three Iranian nuclear facilities over the weekend. Ives wrote that 'cyber security stocks in particular [are] set to be front and center this week as investors anticipate some cyber attacks from Iran could be on the horizon as retaliation.' 'On the cyber security sector, our favorite names remain Palo Alto (PANW), Cyberark (CYBR), Crowdstrike (CRWD), Zscaler (ZS), and Checkpoint (CHKP)." The stocks traded roughly flat premarket on Monday. Defense stocks were modestly higher Monday during premarket trading after the US bombed three Iranian nuclear facilities over the weekend. Palantir (PLTR), Lockheed Martin (LMT), and Northrop Grumman (NOC) rose less than 1%, while RTX (RTX) climbed 1.3%. Palantir supplies AI-fueled defense tech to Israel, which has prompted blowback from former employees and protesters. The other three companies supply weapons to Israel through their contracts with the US government. The defense stocks had jumped immediately after Israel's first airstrikes on Iran on June 12, but only RTX has sustained notable gains of 4% since those strikes. Lockheed Martin is up 0.3% over that time frame, while Northrop Grumman is roughly flat (up 0.1%). Palantir has risen 1.6%. Jefferies (JEF) analyst Mohit Kumar wrote Monday, 'Market is now waiting to see how Iran reacts …However, we are not fully convinced around the market's sanguine reaction.' 'Defence has been one area that we have been bullish on, and we continue to maintain our overweight exposure,' he added. 'NATO countries have moved to increase defense spending with a long term goal of taking to 5% of GDP. We are typically skeptical of long term goals as goal posts do change, but it is also clear to us that defense spending needs to increase globally and not just for NATO countries.' Energy stocks rose alongside rising oil prices in premarket trading on Monday while overall stock futures wobbled. Those with oil production in the US and outside the Middle East caught a bid as investors weighed the possibility of further disruption to the oil supply following the US strikes on Iran. The Energy Select Sector SPDR Fund (XLE) advanced 0.6% and has risen 6% in the past month. Here's a look at how trending energy stocks are trading this morning: View more trending tickers here. Yahoo Finance's Jennifer Schonberger reports: Read more here. Economic data: Chicago Fed activity index (February); S&P Global US Manufacturing PMI (March preliminary); S&P Global US services PMI (March preliminary); S&P Global US Composite PMI (March preliminary) Earnings: FactSet (FDS), KB Home (KBH) Here are some of the biggest stories you may have missed overnight and early this morning: Trump just made the Fed's rate call even more complicated Opinion: Trump wages 2 wars — one with trade partners, one with Iran Why Iran could hold off blocking the Strait of Hormuz Oil erases spike in gains in wait for Iran's response Morgan Stanley: Geopolitical selloffs tend to fade fast Analysts react as markets brace for Iran's next move Dollar advances as investors brace for Iran response to US attacks BNY Mellon approached Northern Trust for merger: WSJ Here are some top stocks trending on Yahoo Finance in premarket trading: Tesla (TSLA) stock rose over 1% in premarket trading after rolling out its driverless taxi service to riders on Sunday. The debut of the robotaxi was introduced to a handful of riders, which included retail investors and social-media influencers in Tesla's hometown of Austin. Wolfspeed (WOLF) stock fell 11% in premarket trading on Monday after announcing it plans to file for bankruptcy in the US under a new restructuring agreement with its creditors. The agreement would provide fresh financing and slash debt by nearly 70%. Northern Trust Corporation (NTRS) shares rose 4% before the bell after a report from The Wall Street Journal said that Bank of New York Mellon Corp had reached out to the asset and wealth manager and expressed interest in a merger. Most investors will awaken today searching online for "Strait of Hormuz" after the weekend attacks from the US on Iran. For speed of analysis purposes, if this key oil shipping hub closes down (seems like it won't happen, based on everything I am seeing this morning), it could really send oil (CL=F, BZ=F) prices skyrocketing. Here's what Goldman's team estimates: "If oil flows through the Strait of Hormuz were to drop by 50% for one month and then were to remain down 10% for another 11 months, we estimate that Brent would briefly jump to a peak of around $110." Read more here on Goldman's scenarios. Sign in to access your portfolio

USA Today
30 minutes ago
- USA Today
Trump talks God in his speech on bombing Iran. What did he say, what religion is he?
President Donald Trump addressed the nation on June 21 about the United States bombing Iranian nuclear sites following an escalating conflict with Israel. Israel launched the first attacks on June 13 aimed at destroying Iran's nuclear program and missiles. Iran has retaliated with ballistic missiles. Iran and Israel are long-time enemies, and the U.S. is a key ally of Israel. Trump said the goal behind the U.S. military's "Operation Midnight Hammer" was to destroy Iran's nuclear program, and he hoped the military wouldn't be needed in Iran anymore. But Iran is expected to retaliate. Trump, a self-proclaimed non-denominational Christian, also evoked God in his four-minute speech. Here is what he said: Read the transcript: What did Trump say in speech after US strikes on Iran? How did Trump talk about God in the address about Iran strikes? Trump signed off his address by thanking everyone. "And in particular, God, I want to just say, we love you God, and we love our great military," Trump said. "Protect them. God bless the Middle East, God bless Israel, and God bless America. Thank you very much. Thank you." Trump deemed the strikes a "spectacular military success," but no independent assessment of the damage to the nuclear sites has been conducted as of June 23. Israel also amped up airstrikes on Monday. Iranian officials have said more than 400 people have been killed since Israel's attacks began, Reuters reported; Iran's counterstrikes have resulted in at least 24 deaths in Israel. What religion is Donald Trump? Trump once identified as a Presbyterian, but in 2020 he told Religion News Service he began considering himself a non-denominational Christian. First lady Melania Trump, however, made news in 2017 when she met the late Pope Francis and revealed she is Catholic when asking the pontiff to bless her rosary beads. Pope Leo said during a weekly prayer on June 22 that the international community must "stop the tragedy of war before it becomes an irreparable abyss," according to Reuters. Watch Trump's address to the nation: Contributing: Sarah D. Wire, Erin Mansfield, USA TODAY Kinsey Crowley is the Trump Connect reporter for the USA TODAY Network. Reach her at kcrowley@ Follow her on X and TikTok @kinseycrowley or Bluesky at @