finance
U.S. Military Conducts Retaliatory Strike on Iran, Oil Futures Rise After Hours
The U.S. military carried out and confirmed a retaliatory strike on Iran. Oil futures rose in extended trading after the confirmation, reversing an earlier decline that marked a third straight weekly loss.
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The U.S. military conducted a retaliatory strike on Iran. The military later issued confirmation of the action. Oil futures settled lower on Friday, posting a third-straight weekly loss. The contracts then rose in extended trading after the confirmation.
No additional details on the timing, targets, or scope of the strike were released in the statements. Market data showed the price increase occurred solely in after-hours trading, reversing the direction of the regular session close.
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Markets reacting calmly to limited newsEscalation risk from military action
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Calm reactionEscalation risk
CorroborationLimited · 2 sources
