Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets…

On July 12, 2026, oil prices rose over 3%, reaching $78.40 a barrel, fueled by concerns about potential supply disruptions following U.S. strikes against Iran. Meanwhile, U.S. equity-index futures dropped, particularly the Nasdaq 100, which fell by 0.5%. The Australian bonds experienced a decline, and the U.S. dollar strengthened against most of its Group-of-10 counterparts, amidst increasing uncertainty regarding the Strait of Hormuz.

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By Matthew Burgess

July 12, 2026 at 10:10 PM UTC

Updated on July 12, 2026 at 11:25 PM UTC

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Oil rose and US equity-index futures fell after the US launched another round of strikes against Iran, while conflicting claims over the status of the Strait of Hormuz heightened uncertainty.

Brent crude climbed more than 3% to $78.40 a barrel on concerns over potential supply disruptions. Australian bonds dropped with Treasury futuresBloomberg Terminal, while the dollar strengthened against most of its Group-of-10 peers. Nasdaq 100 futures retreated 0.5%.

Read Original at Bloomberg.com →

Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap