From NASDAQ.: 2025-06-23 01:33:00

European stocks are set to open lower after the U.S. attacked three Iranian nuclear facilities, prompting Iran to vow retaliation. President Trump hinted at regime change in Iran if the current regime fails to “Make Iran Great Again.” Iran’s parliament approved the closure of the Strait of Hormuz, a key shipping route. Secretary of State Marco Rubio called on China to prevent the closure. Iran is a major oil producer, exporting about half of its daily output of 3.3 million barrels. Disruptions in oil supply could impact the global economy significantly.

In response to rising Middle East tensions, the dollar index rose, causing gold prices to fall. Oil prices spiked on fears of a regional war and energy market disruptions. Asian markets were mixed, with Chinese markets edging up. U.S. stocks fell as investors reacted to the tensions. The S&P 500 and Nasdaq declined, while the Dow ended slightly higher. European stocks closed mostly higher after three days of losses, with the German DAX and France’s CAC 40 posting gains.



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