07:40 AM EDT, 06/13/2025 (MT Newswires) -- The benchmark US stock measures were pointing lower before the open Friday, while oil traded higher as investors evaluate market risks amid renewed tensions in the Middle East following Israel's attack on Iran.

The S&P 500 and the Dow Jones Industrial Average declined 1.2% each in premarket activity, while the Nasdaq fell 1.4%. The indexes finished the previous trading session in the green.

Israel launched a series of airstrikes across Iran early Friday, targeting military infrastructure and nuclear facilities, according to several media publications. Iran pledged retaliation following the attacks, while Israeli Defense Minister Israel Katz declared a state of emergency in the country, CNBC reported.

US Secretary of State Marco Rubio said in a statement that the US was not involved in the operation. "We are not involved in strikes against Iran and our top priority is protecting American forces in the region," according to Rubio.

Oil prices spiked after the attack, with West Texas Intermediate crude rising 8.7% to $74.06 a barrel before the opening bell, while Brent climbed 8.8% to $75.45. Shares of oil giants Exxon Mobil ( XOM ) , Chevron ( CVX ) and Occidental Petroleum ( OXY ) were rising pre-bell.

US Treasury yields moved up in premarket action, with the two-year rate increasing 0.8 basis points to 3.91% and the 10-year rate gaining 1 basis point to 4.37%.

Government data on Thursday showed that US producer prices rebounded less than expected in May. Earlier in the week, the Bureau of Labor Statistics reported consumer inflation in the world's largest economy unexpectedly decelerated last month, weighed down by lower energy prices, while annual inflation accelerated in line with Wall Street's view.

Friday's economic calendar has the preliminary University of Michigan consumer sentiment report for June at 10 am ET, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm.

Adobe (ADBE) shares fell 2.1% before the bell, even though the software maker reported fiscal second-quarter results above market expectations. RH (RH) jumped 18% as the home furnishing retailer unexpectedly swung to fiscal first-quarter adjusted earnings and reiterated its full-year revenue growth outlook despite macroeconomic uncertainties.

Gold increased 1.1% to $3,439 per troy ounce, while bitcoin dropped 2.5% to $104,717.