U.S. stock futures drop, oil jumps, as Iran peace hopes appear to moderate
US stock futures have dropped and oil prices have jumped as the conflict between the US and Iran continues, despite reports of potential peace negotiations. The Dow futures contract fell by 351 points, while oil prices climbed above $100 a barrel, fueled by fears of an energy shock and inflationary pressures.
US stock futures fell on Thursday, with the Dow futures contract down 351 points. Oil prices climbed above $100 a barrel, driven by fears of an energy shock. The conflict between the US and Iran continues, despite reports of potential peace talks. The US and Iran are said to be far apart on terms to halt hostilities. The Pentagon is moving to place more ground troops in the Middle East. Oil prices have surged due to the conflict, with Brent crude up 5% at $107.37 a barrel. The US dollar has firmed as a safe haven during the crisis.
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