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U.S. stock futures are trading cautiously while oil prices edge higher following the sudden weekend U.S. strikes targeting Iranian nuclear facilities. The global markets remain on alert as uncertainty grows over Iran’s potential response and the possible impact on oil and gas supplies worldwide. Meanwhile, President Donald Trump has hinted at the possibility of “regime change” in Iran. In the U.S., the Senate is preparing to vote on a Trump-endorsed fiscal package, and investors are also monitoring key economic data releases scheduled for later today.

Stock Futures Show Limited Movement

As investors digest the ramifications of the U.S. military action against Iran, futures for major U.S. indexes show minimal change. By early Monday morning, Dow futures dipped slightly by 0.1%, while S&P 500 and Nasdaq futures remained largely flat. Last Friday, Wall Street closed lower amid investor anxiety over the escalating Israel-Iran air conflict and potential U.S. military involvement.

President Trump’s announcement confirming the strikes against three Iranian nuclear sites removed some previous ambiguity. Market participants are now focused on how this development might influence overall market sentiment, inflation expectations, and the Federal Reserve’s interest rate decisions.

Oil Prices React to Rising Geopolitical Risks

Oil markets have responded to the weekend’s events with an uptick in prices, reflecting concerns about possible supply disruptions, especially in the strategic Strait of Hormuz. Analysts warn that a surge in crude prices could reignite inflationary pressures and potentially delay any easing of interest rates by the Fed.

By Monday morning, Brent crude for August delivery rose by 0.8% to $76.11 per barrel, while West Texas Intermediate futures increased by 0.9% to $74.48 per barrel, though both contracts trimmed some gains from earlier trading.

Warren Patterson, ING’s Head of Commodities Strategy, noted that the risk to energy supply has heightened significantly due to uncertainties over Iran’s next moves.

Anticipation Builds Around Iran’s Next Steps

Tehran has yet to clarify its response strategy but has vowed to keep all defensive options open. The Iranian government has issued stern warnings about “lasting consequences” and intensified its airstrikes against Israel, following an escalation that began 11 days ago.

Iranian officials have criticized President Trump as a “gambler” and hinted that the weekend strikes have broadened acceptable military targets. Trump, for his part, raised the prospect of regime change in Iran via a Sunday social media post.

Reports from Iran suggest the possibility of closing the Strait of Hormuz, a crucial passage for global oil shipments. There is also speculation about possible Iranian attacks on U.S. military bases throughout the Middle East.

Some market experts believe that while tensions in the region have surged, the U.S. strikes have clarified Trump’s intentions, potentially reducing some uncertainty for investors. Analysts at Vital Knowledge commented that removing this ambiguity might actually have a stabilizing effect, though they caution that underlying challenges such as tariffs and fiscal policies remain.

U.S. Senate Prepares to Vote on Fiscal Bill

On the domestic front, the U.S. Senate aims to vote this week on its version of a major tax and spending bill supported by President Trump. This legislation seeks to extend the 2017 tax cuts and boost spending on defense and border security. Offsetting measures include proposed cuts to entitlement programs like Medicaid.

However, Senate procedural rules have complicated the bill’s path, with a nonpartisan official ruling that certain provisions do not meet budget reconciliation requirements, which would allow passage with a simple majority.

Republicans hope to use budget reconciliation to bypass Democratic opposition and pass the package, which must then return to the House before being signed by Trump by the July 4 deadline.

Upcoming Economic Data: PMI Reports

Investors are also awaiting June’s business activity data, including manufacturing and services purchasing managers’ indices (PMIs) from S&P Global. Forecasts suggest a slight decline in manufacturing PMI to 51.1 from 52.0, and a dip in services PMI to 52.9 from 53.7.

These figures will provide an early indication of economic momentum ahead of other important releases this week, such as Tuesday’s consumer confidence report and Friday’s inflation data, closely monitored by the Fed.

Consumer confidence has weakened in recent months amid concerns about tariffs’ impact on inflation and growth. Nonetheless, price increases have remained moderate, and hopes for easing trade tensions have been buoyed by ongoing U.S.-China negotiations.

European equities saw modest movement on Monday morning as investors weighed the geopolitical implications of U.S. airstrikes on Iranian nuclear facilities over the weekend.

By 08:06 GMT, the pan-European Stoxx 600 inched up by 0.04% to 536.74, reflecting a cautiously optimistic tone. Major national indexes, including France’s CAC 40 and Britain’s FTSE 100, remained largely flat, while Germany’s DAX posted a slight gain of 0.1%.

The muted reaction came after President Donald Trump authorized the bombing of three Iranian nuclear sites on Saturday, escalating an already tense situation between Tehran and Israel. Though Iran has yet to officially retaliate, officials in Tehran warned of “permanent consequences” and have intensified strikes on Israeli targets, blaming Israel for initiating the hostilities 11 days earlier.

Iran’s leadership has not ruled out any options, and local media outlets have reported discussions around possibly blocking the Strait of Hormuz—a strategic chokepoint for global oil shipments. There is also speculation that U.S. military installations in the region could be potential targets.

While the situation has escalated, some market participants took a more tempered view. Analysts noted that while Middle East tensions remain high, the immediate uncertainty around whether the U.S. would take military action has now been clarified. For now, markets appear to be betting on a limited scope to the conflict.

Oil Markets Respond with Volatility

Energy traders closely monitored developments, given the threat to global oil flows. Although Brent crude and West Texas Intermediate (WTI) futures initially surged, both pared gains slightly by mid-morning Monday.

At 03:38 ET, Brent crude for August delivery was up 0.8% to $76.11 per barrel, while WTI advanced 0.9% to $74.48.

Concerns persist that any escalation, especially involving the Strait of Hormuz, could disrupt critical oil exports and reignite inflationary pressures, potentially influencing the Federal Reserve’s future decisions on interest rates. Markets will also be watching how Iran ultimately responds—and whether this conflict broadens or remains a contained episode.

Oil prices surged in early Asian trading Monday, triggered by escalating geopolitical tensions after U.S. airstrikes on Iranian nuclear sites heightened fears of Middle East supply disruptions. Despite the initial rally, crude later eased off its peak levels.

By 00:05 GMT, Brent crude futures for August delivery were up 2.4% at $79.00 per barrel, while West Texas Intermediate (WTI) gained 2.5% to trade at $73.84. Both benchmarks briefly spiked nearly 4%, reaching their highest levels in four months, with Brent nearing $81 per barrel at its peak.

Market volatility followed news of U.S. strikes over the weekend targeting Iran’s major nuclear facilities. In response, Iran threatened retaliation, raising concerns about the broader implications for regional stability and energy exports.

Reports from Iranian state media indicated Tehran might move to block the Strait of Hormuz—a critical maritime route that facilitates a significant portion of the world’s oil shipments. Such a blockade could severely restrict global energy flows and spark broader market disruptions.

The renewed military confrontations between Iran and Israel, now in their 11th day, have already fueled oil market volatility. Heightened tensions between Tehran and Washington could also trigger new U.S. sanctions on Iranian oil exports, potentially straining supplies to Asia and Europe.

Market watchers are closely monitoring how Iran will respond in the coming days. Unconfirmed reports have suggested possible targeting of U.S. military assets in the region, adding to the geopolitical risk premium in oil pricing.

Analysts at ANZ described the U.S. actions as a “major escalation” and forecast that oil prices may stabilize in the $90 to $95 per barrel range if the situation continues to deteriorate. They also warned of an increased risk of supply chain disruption through the Strait of Hormuz and viewed renewed diplomatic talks over Iran’s nuclear program as highly unlikely in the near term.

Gold prices edged lower in early Asian trading on Monday as investor demand for safe-haven assets shifted toward the U.S. dollar following American military strikes on Iranian nuclear facilities. The escalation in geopolitical tensions appeared to reinforce confidence in the greenback, dampening gold’s recent rally.

Spot gold dipped 0.2% to $3,360.11 per ounce, while gold futures slipped 0.3% to $3,374.72 by 01:08 ET (05:08 GMT). Despite Monday’s dip, the precious metal remains elevated compared to earlier in the month, supported by heightened geopolitical uncertainty stemming from the Israel-Iran conflict.

Dollar Strength Weighs on Precious Metals

The primary driver behind gold’s decline was a stronger dollar, which rose over 0.3% against a basket of major currencies. The greenback’s appeal was bolstered by fears of further instability in the Middle East and expectations that inflationary pressures may keep U.S. interest rates elevated.

Over the weekend, U.S. forces targeted three of Iran’s nuclear sites, prompting President Donald Trump to claim the facilities were effectively neutralized. The strikes were reportedly motivated by concerns over Iran’s alleged pursuit of nuclear weapons—allegations Tehran continues to deny.

The attack marked a significant escalation in regional tensions, with Iran warning of retaliatory measures, including the potential blockade of the Strait of Hormuz—a vital maritime route for global oil shipments. Fears of such retaliation pushed oil prices higher, reinforcing inflation concerns and supporting the dollar.

Market Awaits Fed Commentary

Investors now turn their attention to upcoming comments from Federal Reserve officials, particularly Chair Jerome Powell, who is scheduled to deliver testimony before Congress starting Tuesday. The Fed’s recent ambiguous tone on rate cuts has already helped lift the dollar in recent sessions.

Platinum and Silver Pull Back from Highs

Other precious and industrial metals also saw minor corrections. Platinum futures eased 0.1% to $1,263.15 per ounce after reaching a four-year high last week. Silver futures gained a modest 0.1% to $36.05 per ounce, staying near their highest levels in over 13 years.

Among base metals, copper prices weakened slightly. London Metal Exchange copper contracts declined 0.1% to $9,643.15 per ton, while U.S. copper futures slipped 0.3% to $4.820 per pound.

U.S. equity futures were largely unchanged on Monday, while oil prices moved higher following sudden American airstrikes on Iranian nuclear sites over the weekend. Investors are now closely monitoring how Tehran might respond — a move that could have serious implications for global oil supplies and geopolitical stability. Meanwhile, attention is also turning to upcoming economic indicators and U.S. fiscal policy developments.

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Markets Cautious as U.S. Strikes Heighten Tensions

As of 08:36 BST (03:36 ET), Dow Jones futures slipped by 25 points (0.1%), with S&P 500 and Nasdaq 100 futures holding steady. On Friday, Wall Street ended the week in negative territory, as escalating conflict between Israel and Iran — and possible U.S. military involvement — rattled investor sentiment.

U.S. President Donald Trump confirmed targeted strikes on three Iranian nuclear facilities over the weekend. The move followed earlier suggestions that the decision could be delayed by up to two weeks. Markets are now assessing the broader impact on inflation, interest rates, and overall risk appetite.

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Oil Prices Rise on Supply Fears

Brent crude futures for August delivery rose 0.8% to $76.11 a barrel, while U.S. benchmark WTI crude gained 0.9% to $74.48, as of early Monday morning. The gains reflect growing concerns that further escalation in the Middle East — particularly involving the vital Strait of Hormuz — could significantly disrupt global oil flows.

“Since the U.S. targeted Iranian nuclear facilities over the weekend, supply risks for energy markets have increased significantly,” said Warren Patterson, Head of Commodities Strategy at ING.

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Focus on Iran’s Retaliation

Iran has yet to provide a detailed response but has vowed “everlasting consequences.” Tehran has ramped up airstrikes against Israel and suggested the U.S. decision has widened the scope of its possible targets. State media have floated the possibility of blocking the Strait of Hormuz — a crucial chokepoint for global energy shipments — or attacking American military bases in the region.

While geopolitical uncertainty remains high, some analysts say Trump’s definitive move has lifted a cloud of uncertainty over the markets. Still, they caution that lingering concerns about trade policy and fiscal issues will continue to weigh on investor confidence.

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U.S. Senate Set to Vote on Major Fiscal Package

Republican senators are pushing to pass their version of a broad tax-and-spending bill this week, with the aim of sending it to President Trump’s desk before 4 July. The proposed legislation would extend the 2017 tax cuts and increase military and border security spending, partly offset by cuts to social programmes such as Medicaid.

However, the Senate’s rules adviser has flagged several items — including proposed cuts to financial regulators — as non-compliant with budgetary procedure, potentially complicating the path forward.

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Key U.S. Data in Focus: PMIs and Inflation

Markets will also be closely watching incoming economic data from the U.S. this week. The S&P Global Purchasing Managers’ Index (PMI) for June is expected to show a slight slowdown in activity, with the manufacturing reading forecast to fall to 51.1 and services to 52.9.

These figures precede more important indicators due later in the week, including consumer confidence on Tuesday and a core inflation gauge closely monitored by the Federal Reserve on Friday.

While American consumer sentiment has been weakening due to ongoing trade concerns, inflation remains contained — giving some hope that interest rate cuts could still be on the table later this year.

Corpus Resources Plc (LSE:COR) has raised £200,000 in new capital through the placement of approximately 1.33 billion ordinary shares at a price of 0.015 pence each. The placement represents around 41.3% of the company’s expanded share capital and was executed at a roughly 45% discount to the prevailing mid-market price of 0.0275 pence per share.

As part of the deal, each new share is accompanied by a warrant on a one-for-one basis, exercisable at 0.05 pence for a period of three years following admission, contingent on the publication of a prospectus.

The newly issued shares are expected to be admitted to trading on the Main Market of the London Stock Exchange and included in the Official List around June 30. The funds raised will support working capital needs and drive progress on the company’s ongoing reverse takeover strategy.

The placing was structured via an initial subscription by Director Richard Glass, who will sell the shares to investors introduced by Peterhouse Capital Limited, Corpus Resources’ corporate broker.

Upon admission, the company’s total issued ordinary share capital will stand at approximately 3.23 billion shares. Corpus acknowledged that, at this stage, it cannot admit all of the placing shares without either publishing a full prospectus or qualifying for a relevant exemption.

Panther Metals Plc (LSE:PALM) has unveiled a bold financing strategy involving Bitcoin to support the acquisition of the Pick Lake deposit in Ontario, Canada. The company has established a Bitcoin Treasury account and plans to purchase £4 million in Bitcoin, which will be used as collateral to secure a loan for the transaction. This approach allows Panther to retain exposure to the cryptocurrency while securing the capital needed for the acquisition.

By integrating digital assets into its financial strategy, Panther Metals is positioning itself at the forefront of innovation in the mining sector, blending traditional resource development with modern financial tools. The move is intended to unlock growth opportunities, boost shareholder value, and support the company’s commitment to advancing critical mineral assets.

About Panther Metals Plc

Panther Metals Plc is a mineral exploration company listed on the London Stock Exchange, with a focus on critical minerals, gold, and precious metals in Canada. Headquartered in the Isle of Man, the company also benefits from favorable digital asset regulations, enabling it to leverage cryptocurrency strategies in its broader operational and financial planning.

Greatland Resources Limited (LSE:GGP) has completed a major corporate restructuring, establishing itself as the new parent company of Greatland Gold plc through a UK Court-approved Scheme of Arrangement. As part of this transition, Greatland Resources is now listed on both the Australian Securities Exchange (ASX) and the London Stock Exchange’s AIM market, marking a significant step in the company’s strategic growth plan.

The restructuring included the delisting of Greatland Gold shares from AIM and the issuance of new shares under Greatland Resources, which now serves as the group’s main listed entity. This dual-listing is intended to broaden investor access and strengthen the company’s presence across key mining investment markets. The move supports Greatland’s goal of becoming a top-tier gold-copper producer in Australia, with the Havieron Feasibility Study scheduled for completion by the end of 2025.

While Greatland’s current financials reflect challenges, including high valuation concerns and limited income from operations, technical signals and recent corporate actions suggest a positive trajectory. Future growth potential is largely tied to the company’s ability to transition from exploration to full-scale production.

About Greatland Resources

Greatland Resources is a dual-listed mining company focused on gold and copper projects in Western Australia (ASX:GGP / AIM:GGP). Its flagship assets include the fully owned Telfer gold-copper mine and the adjacent Havieron development project, considered a world-class brownfield opportunity. Alongside these, the company maintains a broad exploration portfolio across the Paterson Province, positioning it for long-term production and resource growth.

Aferian plc (LSE:AFRN) has reported a robust financial performance for the first half of fiscal year 2025, highlighted by a 36% year-on-year revenue increase. This growth was primarily driven by the continued momentum of its Amino division, which focuses on connecting Pay TV services to streaming platforms.

The company expects to maintain profitability throughout the year and has projected a 20% rise in full-year revenues. In parallel, Aferian is actively working on refinancing its debt and streamlining costs to reinforce its balance sheet and enhance financial resilience.

About Aferian plc

Aferian plc is a business-to-business provider of video streaming solutions, offering end-to-end technology for both live and on-demand video content across multiple devices. Its two key subsidiaries, 24i and Amino, deliver tailored streaming services—24i creates personalized viewing experiences, while Amino bridges traditional Pay TV with modern streaming platforms. Listed on AIM, Aferian operates globally with offices across Europe, the Americas, and Asia.

Harvest Minerals Limited (LSE:HMI) has raised £300,000 through a new share placement to support its ongoing rare earths exploration activities at the Arapuá project in Brazil. In addition to bolstering general working capital, the funding will be directed toward accelerating drilling efforts and expanding research into the site’s titanium dioxide (TiO₂) potential.

This fresh capital injection is expected to strengthen Harvest’s operational capabilities and reinforce its strategic focus on developing Arapuá as a key asset, improving both its resource profile and broader market position.

About Harvest Minerals

Harvest Minerals Limited is listed on the AIM market and primarily engaged in the production of organic fertilizers. Alongside its core fertilizer operations, the company is actively pursuing rare earths exploration at its Arapuá project, with recent attention focused on evaluating TiO₂ mineralization as part of its broader resource development strategy.