Market Turmoil Following U.S. Attack on Iran

The market is experiencing volatility following Sunday's U.S. attack on Iran. The dollar and oil prices are rising, while stock markets are under pressure.

Investors are anxiously awaiting Iran's next move, following Tehran's threat to halt major oil traffic through the Hormuz Strait.

In futures trading on IG Markets, indications point to a slightly downward opening for the Stockholm Stock Exchange.

During overnight trading, leading Asian markets have slightly declined. Futures trading on leading European exchanges and ahead of Monday's Wall Street session also points downward.

However, stock market declines remain limited for now.

Since Friday, the dollar has increased by three öre and now costs 9.70 kronor.

In the commodities market, the price of Brent crude oil rose during overnight trading to over $81 per barrel—a new yearly high. But shortly after 7 a.m., the increase had eased to just under $78 per barrel.

"The threat from Iran to close the Hormuz Strait, through which about 20% of the world's oil transports pass, risks driving prices even higher, which could have serious consequences for global inflation and growth," writes SEB economist Malte Meuller in a commentary.