Israel and Iran trade missile strikes

Israel and Iran trade missile strikes

From Squawk Box Europe Express by CNBC International

June 8, 2026 · 26 min

About this episode

The episode discusses the recent missile strikes between Israel and Iran, the impact on oil futures, and various economic developments including a U.S. jobs report and banking news in Italy.

Israel and Iran have exchanged fire for the first time since April which pushes oil futures higher and potentially jeopardizing a peace agreement. The A.I. sell-off on Friday continues into the new week with South Korea’s KOSPI tripping circuit breakers. A stellar U.S. jobs print raises the chance of a rate hike but President Trump remains committed to lowering interest rates. In Italy, Intesa Sanpaolo is looking to hijack a likely tie-up between BPM and Monte dei Paschi, tabling an offer for all BMPS shares. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Topics covered

  • Israel-Iran conflict
  • oil futures
  • A.I. sell-off
  • U.S. jobs report
  • interest rates
  • Italian banking

Keywords

  • Israel
  • Iran
  • missile strikes
  • oil futures
  • A.I. sell-off
  • U.S. jobs report
  • interest rates
  • Intesa Sanpaolo
  • BPM
  • Monte dei Paschi

Mentioned in this episode

Organizations: South Korea, Intesa Sanpaolo, BPM, Monte dei Paschi

Places: Israel, Iran

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