Stocks fall and oil prices rise after Trump’s latest delay in the Iran war fails to raise much hope
US stocks fell on Friday as the market reacted to President Trump's latest delay in the Iran war, with the S&P 500 sinking 0.7% and the Dow Jones Industrial Average down 319 points. Oil prices rose despite initial hopes of a resolution, with Brent crude up 1.3% to $103.24 per barrel and US crude up 3.3% to $97.64 per barrel.
US stocks are falling after President Trump's latest delay in the Iran war. The S&P 500 sank 0.7% and the Dow Jones Industrial Average was down 319 points. Oil prices rose, with Brent crude up 1.3% to $103.24 per barrel and US crude up 3.3% to $97.64 per barrel. The conflict in the Middle East is causing concerns about disruptions to the energy industry. If the war continues, strategists predict oil prices could reach $200 per barrel. The market is worried about inflation and its impact on the global economy.
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