I'm Lydia Who, and this is the Fox Business Rundown.

Friday, June 13, 2025, stock markets fell and oil prices climbed on Friday,

following Israel's wave of airstrikes on Iranian nuclear facilities and missile factories.

All the things that have hit inflation and kind of re-ignited inflation,

and now you have oil moving sharply higher.

Overnight, Israel launched strikes on Iran's nuclear facilities and military leaders,

prompting an aggressive drone counterattack from Iran.

Markets responded to the escalation in the Middle East.

Oil prices jumping to their mid-70-dollar level and world stock markets stumbled

as anxious investors sought out safer investments like gold.

President Trump says he gave Iran chance after chance to make a deal

and called for Iranian leadership to make a nuclear

deal before it's too late. Friday afternoon, the president spoke with Fox News chief political anchor

Brett Beyer on the phone telling him, quote, the Iranians were hit 10 times worse than they thought

they would be. They weren't ready to negotiate. I think they may be

now. We'll see. Meanwhile, a new consumer sentiment report out today shows Americans' outlook

is stabilizing after the initial tariff shocks in April. This, along with President Trump announcing

a framework for a trade deal with China could have given the investors

major tailwinds heading into the weekend. But the Middle East conflict has added some uncertainty.

Just how much of an impact could these Israel-Iran hostilities have for Americans?

Larry McDonald, there is maybe no better person to have on the podcast than you on this very important Friday, the 13th.

Thank you very much for your time this afternoon.

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