- Morning Watchlist
- Posts
- Morning Watchlist: Oil Spikes as Israel Strikes Iran Nuclear Program
Morning Watchlist: Oil Spikes as Israel Strikes Iran Nuclear Program
Tom White
June 13, 2025
U.S. stock futures are down over 1% and oil prices are up nearly 9% after Israel attacked Iran’s nuclear program sites in a major escalation of tensions in the Middle East.
Gold rose 1% to the highest in more than a month, while the dollar rebounded 0.5% from Thursday’s more than three-year low.
The airstrikes against Iran’s nuclear program and ballistic-missile sites were targeted as Iran was ramping up its nuclear enrichment program.
Investor focus today will be on the headlines from the Middle East for Market direction along with soft economic data with consumer sentiment due.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Crude futures jumped more than $5 per barrel (+8%) near $74 a barrel on Friday morning after Israel launched airstrikes against Iran without U.S. support, drawing concerns over the supply outlook from the oil-rich Middle East region. Oil is hitting levels not seen since mid-January on the escalation in the Middle East.
Gold (/GC) – Gold prices are up 1% near $3435 and hit their highest point in more than a month, on track for a weekly gain, as investors sought safe-haven assets after Israel’s strike on Iran heightened Middle East tensions.
Bitcoin (/BTC) – The Crypto Future is down nearly 2% near 105K in premarket trading.
VIX – The CBOE Volatility Index was up 4.4% on Thursday and settled at 18.02 despite stocks rising. The VIX is spiking over 10% this morning near the 20 level on the back of the escalation in the Middle East.
U.S. Dollar (/DX) – The dollar is up 0.6% to 98.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
DVN | Devon Energy | +4.72% |
FANG | Diamondback Energy | +4.67% |
APA | APA Corp. | +4.56% |
CCL | Carnival | -5.22% |
UAL | United Airlines | -4.49% |
DAL | Delta Airlines | -4.42% |
Economic Data
Time | Event |
|---|---|
10:00AM ET | Consumer Sentiment |
1:00PM ET | Baker Hughes Rig Count |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
None | None | None | LEN |
Upgrades/Downgrades
BMO Capital upgrades Oracle (ORCL) to Outperform from Market Perform
Wells Fargo upgrades Zscaler (ZS) to Overweight from Equal Weight
Jefferies upgrades Darden (DRI) to Hold from Underperform
Wolfe Research downgrades GE Vernova (GE) to Peer Perform from Outperform
Citi downgrades Sherwin-Williams (SHW) to Neutral from Buy
Wells Fargo downgrades ZoomInfo (GTM) to Underweight from Equal Weight
Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on‑demand.
Or stream it via thinkorswim® and thinkorswim Mobile, available through our broker-dealer affiliate, Charles Schwab & Co., Inc
Please do not reply to this email. Replies are not delivered to Schwab Network. For inquiries or comments, please email [email protected].
See how your information is protected with our privacy statement.
This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.
Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.
Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.