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US stocks rise and oil prices flip flop as Wall Street remains calm after US strikes on Iran
- The United States struck three main Iranian nuclear enrichment sites over the weekend, intensifying Middle East tensions.
- This came after Iran launched missile strikes targeting American military sites in Qatar and Iraq, which investors perceived as a measured and proportional reaction.
- Oil prices fell sharply with Brent crude down 6.7% to $71.82 a barrel and US crude dropping below $69 by mid-afternoon, while stock indexes fluctuated.
- Houston analyst Andy Lipow warned a full closure of the Strait of Hormuz could push oil prices to $120–$130 a barrel, hurting consumers at $4.50 a gallon.
- US Energy Secretary Chris Wright downplayed the Iran Strait closure risk, and China expressed willingness to promote de-escalation through communication with Iran and others.
47 Articles
47 Articles
The Bakersfield Californian
Stocks rise and oil tumbles as Wall Street hopes for a limited retaliation after US strikes on Iran
U.S. stocks are rising, and oil prices are tumbling on growing hopes that Iran will not disrupt the global flow of crude following the United States’ entry into its war with Israel. Oil prices swung 6% lower on Monday after…
Sydney Morning Herald
ASX set to rise as Wall Street rallies in face of conflict; Oil prices tumble; Tesla surges
US stocks are climbing, and the price of oil is tumbling on growing hopes that Iran will not disrupt the global flow of crude, something that would hurt economies worldwide but also its own
Oil Tumbles and Stocks Rise as Traders Gauge Fallout From Iran Strikes
Oil prices tumbled and stocks rose on Monday, as investors appeared optimistic that the economic fallout from the U.S. strikes on three Iranian nuclear facilities over the weekend would remain contained. That view was intact even after Iran launched an attack on a U.S. military base in Qatar. Iranian officials told The New York Times that Iran had warned of the attack ahead of time, in order to minimize casualties, and the Defense Department sai…
US stocks rise and oil prices tumble as Wall Street remains calm after US strikes on Iran
U.S. stocks are rising, and oil prices are tumbling following the United States’ bunker-busting entry into Israel’s war with Iran. Oil jumped 4% shortly after trading began on Sunday night, but it quickly reversed the gain and dropped on Monday.…
Hastings Tribune
US stocks drift and oil prices flip flop as Wall Street remains calm after US strikes on Iran
U.S. stocks are drifting, and oil prices are flip-flopping following the United States’ bunker-busting entry into Israel’s war with Iran. Oil jumped 4% shortly after trading began on Sunday night, but it quickly pared all of the gain on Monday.…
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