Squawk on the Street

Israel Attacks Iran: Global Stocks Slide, Oil Prices Spike, Defense Sector Surges 6/13/25

8 snips
Jun 13, 2025
Scott Chronert, a Citi U.S. Equity Strategist, and Mike Santoli, CNBC's Senior Markets Commentator, dive into the fallout from Israel's airstrikes on Iran. They discuss how these tensions are causing global stock sell-offs and spiking oil prices, with defense stocks experiencing a notable surge. The duo also analyzes potential market implications for investors, the geopolitical landscape in the Middle East, and insights on companies like Adobe amid rising volatility. Tune in for a captivating blend of finance and international affairs.
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INSIGHT

Market Reacts to Israel-Iran Conflict

  • Israel's air strikes on Iran's nuclear sites caused a surge in oil prices and defense stocks.
  • Market fears primarily focus on disruptions in the Strait of Hormuz, pivotal for global oil flow.
INSIGHT

Military Limitations Shape Conflict

  • Iran's retaliation capacity and Israel's lack of deep munition bombs limit conflict scope.
  • The duration and success of the strikes depend heavily on whether Israel can fully neutralize Iran's nuclear sites.
INSIGHT

Iran's Limited Military Impact on Oil

  • Oil prices spiked sharply but could calm if supply remains stable.
  • Iran's limited military capability may restrain effective retaliation, easing long-term risk.
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