Oil prices surged, stocks dropped and investors flocked to safe havens like gold on Friday after tensions between Israel and Iran escalated, stoking concerns of a broader conflict in the region.

US markets closed in red on June 11, 2025, influenced by modest inflation, a U.S.-China trade truce, and rising oil prices from Middle East tensions.

The dollar, which has lost around 10% in value against a basket of currencies this year, fell to its lowest since April 2022, as weaker-than-expected U.S. inflation data for May suggested that the Federal Reserve could resume cutting interest rates sooner rather than later.

Rising oil prices, tariffs, and high debt levels are reigniting stagflation risks. Read more on strategies to navigate inflation and economic stagnation.

Israel and Iran are on the brink of war once again! But why did this geopolitical risk push the Indian stock market into a frenzy of selling on Friday? And will the trend continue next week?

U.S. markets sank on Friday, closing out a volatile week with losses after a dramatic escalation in Middle East tensions rattled global investors.

Wall Street buckled as reports of Iran’s retaliation for Israel’s attack on its nuclear facilities deepened concerns that the conflict is escalating, with oil jumping and stocks taking a hit.

Israel's strikes on Iran could take oil prices above $80. This has implications for the global economy, markets and policy