How much did SPY drop?

The SPDR S&P 500 ETF Trust (SPY) fell 0.4% in pre-market trading.

What is the impact of rising oil prices on markets?

Higher oil prices increase energy costs, potentially squeezing profits in transportation and manufacturing, while benefiting the energy sector.

Equity Futures, ETFs Dip as Renewed US-Iran Tensions Lift Oil Prices

U.S. equity futures and exchange-traded funds declined in pre-market trading Monday as oil prices rose sharply amid renewed conflict between the United States and Iran. The SPDR S&P 500 ETF Trust (SPY) was down 0.4%.

July 13, 2026

2 min read

Source: MT Newswires

Key Numbers

SPY change

-0.4%

U.S. equity futures and major exchange-traded funds edged lower in pre-market trading Monday, as oil prices surged on renewed geopolitical tensions between the United States and Iran.

The SPDR S&P 500 ETF Trust (SPY) fell 0.4%, while futures for the Dow Jones, S&P 500, and Nasdaq also posted modest declines.

Reasons for the Decline

The decline is attributed to escalating geopolitical concerns following reports of new clashes in the Strait of Hormuz, which pushed crude oil prices up more than 2%. Rising energy costs raise fears of higher input costs and potential pressure on corporate profits.

Context

The move comes after a strong week for U.S. markets, with major indices hitting multi-month highs. However, any escalation in the Middle East could prompt investors to seek safe-haven assets.

What This Means for Investors

Investors should closely monitor geopolitical developments, as continued tensions could lead to higher volatility in equity and commodity markets. The energy sector may benefit from rising oil prices, while transportation and manufacturing sectors could face headwinds.

Frequently Asked Questions

Markets declined due to renewed tensions between the U.S. and Iran, which pushed oil prices higher and raised concerns about the impact of higher energy costs on corporate profits.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.