Iran strikes put oil, defense and tanker stocks in focus ahead of Wall Street reopen
U.S. and Israel launched strikes on Iran Saturday, intensifying concerns over oil supply disruptions. Brent crude rose 2.45% to $72.48 a barrel Friday, while the S&P 500 fell 0.43%. Defense and energy stocks outperformed, with Lockheed Martin up 2.56% and Exxon Mobil up 2.67%. OPEC+ meets Sunday to discuss possible output increases after the Iran attack.