Oil prices rise, stock futures inch higher as U.S. and Iran trade more airstrikes

Oil prices and U.S. stock-index futures rose following airstrikes exchanged between the U.S. and Iran in the Persian Gulf. This escalation renewed fears that the Strait of Hormuz could be shut. Additionally, the geopolitical tension caused volatility in crypto markets, highlighting the interconnectedness of global financial systems and political instability. The situation reflects how military conflicts directly influence energy costs, equity futures, and digital asset markets simultaneously across the global economic landscape.