Global Markets Slide as Iran-Israel Conflict Escalates
U.S. stock futures continued to decline following a sharp Wall Street sell-off, with the Nasdaq dropping over 4% as Iran launched missile and drone attacks on Israel. The escalation has pushed oil prices up over 3% amid fears of supply disruptions in the Strait of Hormuz. In response, Treasury Secretary Scott Bessent is assessing damages to Gulf allies, with the U.S. considering the use of Iranian assets for repairs. President Donald Trump has urged restraint to avoid further retaliation, while maintaining that Tehran is not in a position to acquire nuclear weapons. Meanwhile, U.S. consumers are facing the impact of the 100-day conflict, with national average gas prices rising 40% to approximately $4.25 per gallon. Investors remain cautious as they balance geopolitical instability…
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Sources
Treasury Secretary Scott Bessent has directed a team to assess costs for damage inflicted on Gulf allies by Iran, the source said on Saturday, adding the U.S. will consider using Iranian assets for repairs of any future destruction as well.
S&P 500, Dow Futures Slip As Iran Attacks Israel For First Time Since April: Why TMC, PL, ORCL, STI, KEEL Stocks Are In Focus
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Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos | Fortune
Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own shipping lanes in the Strait of Hormuz.
Talking to Fox News, Trump said he planned to call Netanyahu and urge Israel not to retaliate, saying, "Each of them had their fun. Israel had its strike, and Iran had its strike. We don't need another one". The clock continues to tick on an oil market that is quickly running out of options to replace or recover the barrels lost through the Strait of Hormuz closure. A failure to achieve a diplomatic breakthrough will likely send prices ...
Oil prices spike over 3% as Iran and Israel trade strikes, escalating regional tensions
U.S. President Donald Trump has been briefed on renewed fighting between Iran and Israel. Meanwhile, OPEC+ agreed to increase targets by 188,000 bpd from July. ... Four soldiers are climbing a wall and they are ready to fight. ... Oil prices rose Monday amid heightened tensions in the Middle ...
Live Updates: Trump says only US, China have capability to retrieve enriched uranium from Iran | Fox News Digital
President Donald Trump said Friday the U.S. is seeing “great success” with Iran and insisted Tehran is “in no position to have a nuclear weapon” as concerns over oil prices and energy markets continue amid tension in the Middle East.
The Iran war has led to higher prices at the gas pump. ... Get unlimited access to ad-free articles and exclusive content. Gas prices in the United States, up by 40% since the U.S. and Israel launched the war, have soared as the global oil supply constricts. Now at a national average of around $4.25 per gallon, according to data from motor club AAA, this price increase is straining already-stretched budgets in households across the country. NBC News ...
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