Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites

[BumRushDaShow]

Source: USA Today

June 21, 2025 | Updated June 22, 2025, 5:32 a.m. ET


NEW YORK - A U.S. attack on Iranian nuclear sites on Saturday could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy.

The attack, which was announced by President Donald Trump on social media site Truth Social, deepens U.S. involvement in the Middle East conflict. That was the question going into the weekend, when investors were mulling a host of different market scenarios.

In the immediate aftermath of the announcement, they expected the U.S. involvement was likely to cause a selloff in equities and a possible bid for the dollar and other safe-haven assets when trading begins, but also said much uncertainty about the course of the conflict remained.

While Trump called the attack "successful", few details were known. He was expected to address the nation later on Saturday. "I think the markets are going to be initially alarmed, and I think oil will open higher," said Mark Spindel, chief investment officer at Potomac River Capital.

Read more: https://www.usatoday.com/story/money/2025/06/21/iran-attack-oil-prices-inflation/84303968007/

[no_hypocrisy]

1. TSF is delusional if he thinks investors will run to his Bitcoin (con).

Wonder what the price of gold will be on Monday.

[twodogsbarking]

2. Might want to fill the gas tank while you can. I remember lines and alternate days to buy gas.

[marble falls]

6. That won't happen, but it should. The only way we are going to have MAGA wake up is to punch their wallets hard ...

... In WWII the government worked hard to involve the public in the war, they did all sorts of drives for metal and rubber, way beyond war needs and rationed things that there were plenty of. The new system is to make the public feel no war pressure past prices. That pursuit of a "victory" was not going to inconvenience the public.

[marble falls]

7. Good news, bad news: I just filled my tank, and put my whip back into the mechanics hands.

[BonnieJW]

12. That wasn't because of high gas prices

It was because of a gas shortage. OPEC wouldn't send us all the oil we needed. I can remember my husband getting up at 5 am to get in line to get $5 of gas. The gas stations would be sold out by noon.

[twodogsbarking]

13. They can lower the price of gas to zero when they don't have any.

[Bengus81]

3. Oh...I am like sooooo shocked!

Just like in 1990 with Bush Sr, just like massive price hikes during the disaster Bush Jr invasion and now here we are again.

Never let a good ole' crisis go to waste.

[Scrivener7]

4. Havens? Wars are great for stock prices. That's why republiQans love them.

[marble falls]

5. They are not bracing, they are embracing. They profit from war and they do disaster investment, looking for ...

... human suffering to boost their profits. It's no longer about human suffering, it's about big blaring headlines to the tune of a cash register.

The US is the largest oil producer of petroleum in the world, by a startling gap. They love it when oil is high. And they stop producing when oil gets low and they buy oil on the market cheap. They do not care.

[DSandra]

8. "Awww, gasoline prices are gonna go higher? That's too bad, sooo bad!"

[littlemissmartypants]

9. My auto gets 30 mpg on the highway. I barely go anywhere.

Let the oil oligarchy games begin continue.

It's the food prices we should be worried about, imo.

[Butterflylady]

10. If Iran, and they can.....they control it....

Bomb the straight of Hormuz, there goes the economy. You could see gas at $7.00 a gallon.

[CountAllVotes]

11. It is already $6+ here

$10 a gallon here we come!

I no longer own a car. Who can afford it?

[AZLD4Candidate]

18. Enjoy your swasitkar.

[kimbutgar]

15. Monday the stock money is going to open down biggly !

Wall Street doesn’t like wars and in order to keep his presidency the orange taco Hitler is getting us into Ww3. I have a hybrid vehicle and another car that gets pretty good mpg but I won’t be driving as much when the gas prices go up.

[Zohran25]

16. Mark my words.

We are going to see a great economic turmoil that will make the Great Recession of 08 look peanuts.

Brave ourselves.

[Bohunk68]

19. A billion for his campaign

from the petro industry. I guess this is payback. The transactional POS.