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 Wall Street struggled with the ongoing Iran war, with the S&P 500 sinking 0.7% and the Dow Jones Industrial Average down 319 points. Oil prices rose despite President Trump's announcement of a delay in his deadline for Iran to allow oil tankers to exit the Persian Gulf, with Brent crude up 1.3% to $103.24 per barrel.
US stocks are falling as Wall Street nears the end of a fifth straight losing week. The S&P 500 is down 0.7% and the Dow Jones Industrial Average has fallen 319 points. Oil prices have risen despite President Trump's delay in his deadline for Iran. The price of Brent crude is up 1.3% to $103.24 per barrel. The ongoing war in the Middle East is causing concern about disruptions to the energy industry. If the war continues, strategists predict oil prices could reach $200 per barrel.
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