Wall St Futures Drop as Israel-Iran Tensions Escalate
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Premarket trading on Wall Street points lower as Israel escalates attacks on Iran, pushing back Trumps deadline for reopening the Strait of Hormuz. S&P 500 futures drop 0.3% after a 1.7% fall, setting up a fifth consecutive losing week. Oil prices surge amid tensions, with Brent crude at $103.99 and U.S. crude at $96.56. Global markets also feel the impact, with European indexes down and Asian markets mostly lower, as the conflict threatens higher inflation and slower growth from energy shortages and trade disruptions in this crucial oil chokepoint.
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