Oil Supplies in Focus Ahead of Stock, Bond Open

US military strikes near Iran’s Kharg Island—a critical oil export hub—sparked fears of Middle East crude supply disruptions, driving investor focus ahead of Sunday’s New York market reopening. Global oil markets faced heightened volatility as traders braced for potential price surges amid escalating geopolitical tensions in the Persian Gulf region. The strikes targeted infrastructure near Iran’s largest oil terminal, raising concerns over immediate export interruptions and broader supply chain instability. Investors shifted attention from stocks and bonds to energy commodities, prioritizing oil futures as the primary risk indicator for Monday’s trading session. Analysts warned of ripple effects across financial markets if crude shortages materialize, with energy-dependent sectors facing the most direct economic exposure.