Woofun AI reports that escalating US-Iran tensions triggered significant market volatility following Iran's closure of the Strait of Hormuz and subsequent US military strikes. WTI crude oil prices rose over 3% at the open, nearing $74 per barrel.

Meanwhile, spot gold dropped below $4,100 and silver fell more than 2% to $58.65. The US Dollar Index gained over 10 points, whereas Nasdaq futures declined 0.4% and 10-year Treasury futures lost 5 points.