Global markets rise despite Iran conflict, energy stocks fall, oil prices drop sharply.

From Yahoo Finance: 2025-06-22 19:37:00

Global equity markets rose on Monday despite escalating tensions in the Middle East, with Iran launching retaliatory airstrikes against U.S. bases in Qatar. Wall Street’s main indexes finished higher, with energy stocks being the only losers. The Dow Jones Industrial Average rose 0.89%, the S&P 500 rose 0.96%, and the Nasdaq Composite rose 0.94%.

Iran targeted the Al Udeid U.S. airbase in Qatar, but no U.S. personnel were killed. Iran’s attacks were in response to U.S. air strikes against Persian nuclear sites. European shares fell 0.28%, while MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.70%.

Oil prices settled lower after hitting multi-month highs, with Brent Crude futures closing down 7.2% at $71.48 a barrel. Iran’s attacks are seen as a de-escalation effort, as it informed the U.S. ahead of time. Federal Reserve Vice Chair Michelle Bowman suggested an imminent interest rate cut due to labor market risks. Gold prices rose, and the dollar index fell 0.5% to 98.39.



Read more at Yahoo Finance: Shares advance, oil prices settle sharply lower as markets shrug off Iran conflict