US Edition
Stocks slump and oil prices leap as war in the Middle East raises worries about high inflation
Oil prices surged up to 13% amid Middle East military strikes, while global stocks dropped and gold rose as markets feared supply disruptions and inflation risks.
- On Monday, crude oil markets jumped more than 5% amid Middle East war fears, while the U.S. stock market indices swung intraday between sharp early losses and a small gain.
- Supply shocks from halted LNG production and escalating Iran–Israel fighting tightened energy markets, sending European natural gas prices up more than 50.
- Brent crude rose 6.2% to $77.36 per barrel after futures earlier spiked toward higher session levels, while U.S. West Texas Intermediate crude climbed 5.7% to $70.86.
- Energy and defense names rose and helped pare Wall Street declines, with Exxon Mobil up 1.4%, Occidental Petroleum 1.9%, Lockheed Martin 2.2%, RTX 4.6%, while the 10-year Treasury yield rose to 4.04%.
- Morgan Stanley strategists warn that oil would likely need to top $100 to cause sustained U.S. stock declines, while the S&P 500 has averaged gains after geopolitical shocks and sustained energy prices could complicate Federal Reserve policy and President Donald Trump's outlook.
249 Articles
249 Articles
Trump said to be ducking out of sight after launching war: 'His absence has been noticed'
President Donald Trump has suddenly ducked out of sight after launching a military operation against Iran, according to reports.The 79-year-old president approved Operation Epic Fury over the weekend, but he has so far offered only brief public remarks and on-the-record phone calls to more than a do...
perspectivemedia.com
The Independent (US)Global stock market sell-off deepens as oil and gas prices continue ascent
European and US markets fell deep into the red as the escalating conflict reverberated across global markets. A sell-off across the world’s financial markets gathered pace on Tuesday, while oil and gas prices continued their ascent amid disruption to supplies in the Middle East. European and US markets fell deep into the red as the escalating conflict reverberated across global markets. The UK’s FTSE 100 index shed nearly 300 points to close abo…
Henry Herald
Dow drops 1,200 as stocks sell off around the world and oil prices leap even higher on war worries
A sell-off for stocks wrapped around the world and is slamming into Wall Street, as oil prices leap even higher on worries that the widening war with Iran may do more sustained damage to the economy than feared. The S&P…
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