08:22 AM EDT, 06/13/2025 (MT Newswires) -- US equity futures retreated and oil prices advanced pre-bell Friday on fears of a widening military conflict in the Middle East.

Dow Jones Industrial Average and S&P 500 futures were both down 1% and Nasdaq futures were trading 1.2% lower before the opening bell.

Israel struck at least 10 nuclear and military sites in a wave of airstrikes across western and central Iran, killing top military commanders and damaging uranium enrichment sites, Iranian state news outlets reported.

The attack came ahead of a scheduled sixth round of negotiations between Washington and Tehran over Iran's nuclear program. Following the attacks, US President Donald Trump urged Iran to cut a deal with Washington lest it face more damage, but Iran described the Israeli onslaught as a "declaration of war" in a letter to the United Nations, according to news agency AFP, and counter-attacked with a barrage of drones that Israel said it largely blocked.

Israeli Prime Minister Benjamin Netanyahu vowed more days of attacks and Iran has threatened to target American assets in the region as part of its response even after the US claimed it had no direct involvement in the initial attack.

Oil prices surged on possible threats to energy installations in the Middle East, with the front-month global benchmark North Sea Brent crude up 8.0% to $74.90 per barrel and US West Texas Intermediate crude 8.4% higher at $73.77 per barrel.

Gold rose 1.0% to $3,418 per ounce and Bitcoin jumped 2% to above $105,000 as investors sought safe havens.

Markets may also react to the June report on consumer sentiment to be released shortly after the opening bell. Analysts expect a slight recovery in consumer optimism to 53.5 from 52.2 in May.