Dow Jones futures fell 0.31% on Monday as Iran and Israel exchanged missile strikes over the weekend, threatening a fragile ceasefire and reigniting geopolitical risk for investors. The escalation came after Iran reportedly fired missiles at Israel, prompting Israeli retaliation against targets in western and central Iran.
The renewed tensions jeopardized diplomatic efforts and raised concerns about the stability of the ceasefire between Washington and Tehran. Iranian Parliamentary Speaker MB Ghalibaf posted on X that the U.S. naval blockade and alleged violations of agreements regarding Lebanon constituted breaches of the ceasefire terms.
Oil prices surged in response to the conflict. Brent crude futures for July advanced 3.18% to $96.05 per barrel, while U.S. West Texas Intermediate futures for August gained 3.46% to $93.67 a barrel. The market impact extended beyond U.S. futures, with South Korea’s Kospi plunging 8.4% to 7,484.41 and other Asia-Pacific indices declining as investors fled to safety.
The S&P 500 and Nasdaq 100 futures showed more resilience, gaining 0.24% and 0.73%, respectively, suggesting that large-cap and technology stocks attracted some buying interest despite the geopolitical headwinds. The divergence reflected investor caution as the market digested the risks of renewed Middle East conflict.
The escalation came after last week’s sharp selloff, when the Nasdaq Composite fell 4.18%, its worst day since April 2025. Investors were already on edge over stronger-than-expected May jobs data that lifted Treasury yields and raised concerns about persistent inflation and higher financing costs for companies.
Sources
- Benzinga — Reported Dow Jones futures performance at -0.31%, oil futures movement, and stock index performance on June 8, 2026
- CNBC — Confirmed Iran and Israel missile strikes, Kospi decline, Brent crude and WTI price movements, and geopolitical context for market reaction
