Wall Street points toward gains as oil prices soar amid fears about escalation in Iran
US stocks rose on Monday as oil prices climbed due to uncertainty about the war with Iran. The S&P 500 gained 0.5% in midday trading, while the Dow Jones Industrial Average was up 411 points, or 0.9%, as of 11:50 a.m. Eastern time.
US stocks are rising as oil prices climb due to uncertainty about the war with Iran. The S&P 500 rose 0.5% in midday trading, coming off its worst week since the war began. The Dow Jones Industrial Average was up 411 points, or 0.9%. Oil prices are a major concern, with the price for a barrel of Brent crude delivered in June rising 1.9% to $107.28. The conflict has raised concerns about inflation and the flow of oil from the Persian Gulf. Stocks in some Asian markets fell sharply, while European markets saw gains.
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