Why oil plunged — and stocks rallied — after Iran’s ‘symbolic’ missile attack on Qatar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2025
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Should l Buy DJIA?
Source: MarketWatch
Market Reaction to U.S. Bombing of Iran: Oil traders are less concerned about potential disruptions to Middle Eastern crude flows following the U.S. bombing of Iran's nuclear sites, as Tehran's planned retaliation was effectively neutralized.
Crude Oil Price Decline: West Texas Intermediate and Brent crude prices both fell by 7.2%, closing at $68.51 and $71.48 per barrel, respectively, after initially rising over 6% on Sunday night.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Index Gains: The S&P 500 gained 1.29%, the Dow Jones increased by 0.78%, and the Nasdaq rose by 0.49%.
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