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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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.
Analyst Views on DJIA
Wall Street analysts forecast DJIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DJIA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.210
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Current: 22.210
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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.
