June 15th, 2025
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After Israel attacked Iranian targets, violence increased, causing oil prices to rise and stock values to fall on Friday. This was due to worries about how it might affect the global oil supply and the economy. Major stock indexes like the S&P 500, Dow Jones, and Nasdaq all dropped significantly, while the price of U.S. crude oil increased by 7.3% to $72.98 a barrel. Experts think that oil prices often decrease once it's clear the situation isn't getting worse, but financial markets are still watching closely. Companies that rely on a lot of fuel and depend on people traveling, such as Carnival and United Airlines, experienced significant losses. However, U.S. oil producers, defense companies, and gold saw gains. Despite these changes, inflation remains quite stable, though some people are concerned it could increase because of President Trump's tariffs.
June 15th, 2025
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