Early Market Reaction to Iran Attacks Restrained -- Market Talk

Dow Jones06-23

2311 GMT - The early response in financial markets to the weekend news of U.S. attacks on Iran's nuclear facilities has so far been relatively tame, and in line with the increase in global risk, says Sean Callow, currency strategist at InTouch Capital Markets. Crude oil prices are up, while equities are down. FX havens of USD and CHF are the strongest currencies so far, he adds. A degree of restraint is evident for traders, with hope that oil supply disruptions are limited. There's a sense that Iran's options for retaliation are constrained, Callow adds. Oil prices are up 3% in early trading, while S&P futures are down 0.4%. That's not too dramatic by the standards of this year, Callow says. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

June 22, 2025 19:11 ET (23:11 GMT)

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There's a sense that Iran's options for retaliation are constrained, Callow adds. Oil prices are up 3% in early trading, while S&amp;P futures are down 0.4%. That's not too dramatic by the standards of this year, Callow says. 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