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, with the S&P 500 sinking 0.7%, as Wall Street reacted to President Trump's latest delay in the Iran war. Oil prices rose, with Brent crude up 1.3% to $103.24, amid fears of disruption to the Persian Gulf's energy industry and potential inflation.
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. The conflict in the Middle East continues, with Iran showing no signs of backing down and Israel threatening to escalate attacks. The price of oil could reach $200 per barrel if the war continues until the end of June. High gasoline prices and the war are already hitting US consumer confidence.
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