Travel Stocks Sink, Energy Soars as Israel Strikes Iran

HSBC’s Kettner Expects Investors to Fade Israel-Iran Risk

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By Matthew Griffin, Peyton Forte, and Geoffrey Morgan

June 13, 2025 at 3:33 PM UTC

Updated on

June 13, 2025 at 8:35 PM UTC

Israel’s strikes on Iran rippled through the US stock market on Friday, sinking shares of travel companies and lifting energy and defense stocks as traders braced for the possibility of a wider Middle East conflict.

Investors broadly retreated from risk on the major escalation of tensions in the region, with Israel saying it had struck some 100 targets as it looked to cripple Iran’s nuclear program. The S&P 500 Index fell 1.1% on Friday. Oil surged.