US markets inch back, oil prices rise as Iran war continues despite Trump’s claims of progress
US markets have ticked slightly lower and oil prices have risen as the war in the Middle East continues, despite President Donald Trump's claims of progress in talks with Iran. The conflict has led to a surge in fuel prices and threatened the global economy, with thousands of US Marines on their way to the Gulf and both sides firing intense barrages.
US markets fell slightly and oil prices rose as the war in the Middle East continued. The Dow Jones Industrial Average and S&P 500 each fell 0.1% before the opening bell. Airstrikes hit Iran's capital and Iranian missiles targeted Israel's Tel Aviv. The war has disrupted international shipping and sent fuel prices skyrocketing. Oil prices rose, with US crude gaining $2.20 to $90.33 a barrel. Global markets have been affected, with some benchmarks rebounding on Tuesday.
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