World shares mostly lower and oil gains after Wall Street’s worst day since start of Iran war
US stocks fell on Friday, marking the fifth straight losing week, as the ongoing war with Iran continues to impact the global economy. Oil prices rose despite President Trump's announcement to extend the deadline for Iran to allow oil tankers to exit the Persian Gulf, with Brent crude oil climbing 3.4% to $105.32 per barrel.
US stocks deepened their drops on Friday, with the S&P 500 falling 1.7% and the Dow Jones Industrial Average losing 793 points. The Nasdaq composite sank 2.1%. Oil prices rose, with Brent crude oil climbing 3.4% to $105.32 per barrel. The ongoing war with Iran is causing concern about disruptions to the energy industry. If the war continues, strategists predict oil prices could reach $200 per barrel. The conflict is already affecting US consumer confidence, with sentiment falling slightly more than expected in March.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.