US Edition
Stocks Slump and Oil Prices Jump as Trump Urges Iran's Surrender
- U.S. stocks slumped on June 17, 2025, as oil prices jumped sharply amid escalating tensions between Israel and Iran.
- The slump followed President Donald Trump's early departure from the G7 summit and his calls on Tehran’s 9.5 million residents to evacuate immediately, demanding Iran's "UNCONDITIONAL SURRENDER!".
- The price of U.S. crude rose 4.3% to $74.84 per barrel, and Brent crude gained 4.4% to $76.45 per barrel, while the Dow Jones, S&P 500, and Nasdaq all closed down significantly.
- Ellen Zentner of Morgan Stanley noted consumers are downshifting but have yet to slam the brakes, while Jabil's stock rose 8.9% after stronger-than-expected quarterly profits.
- The market reaction highlights investor anxiety over the Middle East conflict and its potential economic impact as traders await the Federal Reserve's upcoming interest rate decision.
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Oil edges down, stocks mixed but Mideast war fears elevated
Oil prices slipped Wednesday following the previous day's surge but investors remained on edge fearing a US intervention in the Israel-Iran conflict after Donald Trump called for Tehran's "unconditional surrender".
·Cherokee County, United States
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Coverage Details
Total News Sources100
Leaning Left21Leaning Right10Center30Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 34%
C 49%
R 16%
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