NEW YORK (Reuters) -Dual risks kept investors on edge ahead of markets reopening late on Sunday, from heightened prospects of a broad Middle East war to U.S.-wide protests against U.S. President Donald Trump that threatened more domestic chaos.

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Diamondback Energy stock rose 5% and Occidental Petroleum rose nearly 5% as a swathe of energy-related stocks reacted to a jump in crude prices after Israel's attack on Iran. Conoco-Phillips' stock rose 4%, ExxonMobil rose 3% and Chevron gained 2.7%.

The Nifty 50 index closed 1.01%, or 253 points, lower at 24,888.20 on Thursday - its steepest decline since 20 May. The 30-share Sensex fell 1%, or 823 points, to settle at at 81,691.98. The market sell-off was broad-based.

US stock market opened volatile on June 12, 2025, as President Donald Trump announced a “done” trade deal with China, yet market reactions stayed cautious. Despite Trumps claim of a 55% China tariff,

President Donald Trump on Friday morning gave his reaction on Truth Social to Israel's attack on Iran. Trump said he gave Iran multiple choices to reach a deal on its nuclear capabilities and said there's still opportunity to do so.

In mid-morning inter-bank trading the shekel is weakening sharply against both the US dollar and euro. The shekel-dollar rate is up 1% at NIS 3.562/$ and the shekel-euro rate is up 1.28% at NIS 4.105/€.

Anger is mixed with worry as Iranians in the capital of Tehran have woken up to images of their country’s retaliatory attacks on Israel