Stocks fall on Wall Street as oil prices jump above $100 a barrel after US and Iran war escalates
Brent crude rose above $100 a barrel as U.S.-Iran fighting disrupted oil flows and added to inflation worries, officials and traders said.
- Wall Street indexes opened lower on Wednesday as Brent crude surpassed $100 a barrel for the first time since July, driven by escalating tensions in the Middle East involving Iran.
- Fighting in the Middle East has throttled global oil flow, with shipments through the Strait of Hormuz currently stifled by the U.S.-Iran conflict.
- AAA reported average regular gasoline reached $4.22 per gallon, while Diesel prices hit an all-time high of $5.94, now 9 cents higher than Friday.
- Rising energy prices are adding to inflationary pressures, as Economists expect inflation to remain above the 2% target set by the Federal Reserve.
- The Federal Reserve meets next week to decide on interest rates while inflation data arrives on Thursday, setting the stage for policy decisions amid persistent energy-driven cost pressures.
27 Articles
27 Articles
Consumer Burden of Trump Iran War Exceeds $100 Billion as Oil Prices Pass $100 a Barrel
High gasoline and diesel fuel prices caused by the illegal US war on Iran have cost the average American household roughly $776 in extra spending, according to a real-time tracker.
New York's main stock indexes opened in fall this Wednesday, extending the losses of the day before, while investors reverberate new attacks in the Middle East, in a conflict that lasts more than six months and does not give signs of truce. Oil prices returned to close to $100 per barrel, which rekindles inflationary fears and boosts Treasury revenues this morning, weighing on the performance of American stock exchanges. At around 10.50 a.m. (Br…
The three main U.S. indices opened the third session of the week to record losses, at a time when Brent's barrel reaches $100.
Wall St indexes open lower as oil crosses US$100
The main US stock indexes opened lower on Wednesday (Sep 9) as oil prices surged past the market-sensitive US$100-a-barrelmark level for the first time since July due to deepening tensions in the Middle East. Read more at The Business Times.
Wall St indexes open lower as oil crosses $100
(Refiles to correct typographical error in first paragraph) Sept 9 (Reuters) - The main U.S. stock indexes opened lower on Wednesday as oil prices surged past the market-sensitive $100-a-barrel level for the first time since July due to deepenin...
At around 14:05 GMT, the Dow Jones was down 0.71%, the Nasdaq index was down 0.23% and the expanded S&P 500 index was down 0.24%. "In the current context, a simple glance at the stocks gives a quick idea of the evolution of oil prices," says Patrick O'Hare, an analyst at Briefing.com. In the face of the escalation in the Middle East, Brent oil crossed the threshold of 100 dollars per barrel on Wednesday, a first since July. "This round figure is…
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
