Futures and yields are tumbling, and gold and oil are surging following reports of successive explosions in Iran as a result of what Al Arabiya and Axios report are Israeli airstrikes.
مراسل العربية: إسرائيل تشن هجوما على إيران #العربية_عاجل
— العربية عاجل (@AlArabiya_Brk) June 13, 2025
Separately Axios reports that the Israeli Air Force conducted a strike in Iran, citing two unidentified people with knowledge of the operation. It was not immediately clear who Israel is targeting.
Strikes on Tehran reportedly targeted air-defenses and other military sites throughout the city. pic.twitter.com/T3WX4Re1Gq
— OSINTdefender (@sentdefender) June 13, 2025
Smoke seen rising from several sites across the Iranian capital of Tehran, following strikes by the Israeli Air Force. pic.twitter.com/9DkweHmHIJ
— OSINTdefender (@sentdefender) June 13, 2025
In kneejerk response, stock futures are tumbling…
… as are bond yields…
… while Oil (where we recently warned that the record shorts will be badly burned)…
… and gold are soaring.
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