Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to have you here, and it's great to be with you on this Monday, June 23rd. I'm Julie Morgan.

A fresh conflict in the Middle East, but futures are still in the green. A $15 billion listing looms and

candy gets a red flag in the state where everything is bigger. Stock index futures are positive

pre-market as investors assess U.S. strikes against nuclear facilities in Iran over the weekend.

As of the time of this recording, S&P futures are up 0.2%,

NASDAQ futures are up 0.3% and Dow futures are up 0.1%. The U.S. on Saturday night conducted

military strikes against nuclear facilities in Iran. Deutsche Bank's Jim Reed said in terms of what

this all means for markets going forward, it's really all about whether the Iranian regime weaponizes

oil, and in particular whether they seek to close the strait of Harmuz, where over 20% of the

world's oil flows daily. The strikes fueled a spike in oil

prices and stoked fears of broader conflict in the Middle East. Iran's parliament voted on Sunday

to close the straight in response to U.S. strikes, although the final decision lies with Iran's

Supreme National Security Council and the Supreme Leader.

Phone pay is preparing to file preliminary documents for its initial public offering in India

to raise as much as $1.5 billion. Phone pay is an Indian fintech firm backed by Walmart.

Bloomberg reported on Monday that the deal would value phone pay at

about $15 billion. The report said that the company is planning to submit a prospectus for the

listing by as early as August. Phone pay moved from Singapore to India in December 2022.

There's a new Texas law requiring warning labels on foods and beverages like M&Ms, cinnamon

toast crunch, and Fanta.

Governor Greg Abbott signed Bill 25 on Sunday night, which aims to eliminate ingredients

...