US EditionOil prices dive, stocks jump as markets seek reprieve from Middle East turmoil
- On Monday, U.S. stocks surged with the S&P 500 rising 57.33 points to 6,025.17, while oil prices fell sharply, closing near $68.51 per barrel in New York trading.
- This market movement occurred after the United States conducted bombings on Iranian nuclear facilities over the weekend, followed by Iran’s retaliatory missile strike targeting a U.S. military installation in Qatar on Monday.
- Iran’s response avoided disrupting oil flows through the Strait of Hormuz, a key route carrying 20% of the world’s daily oil, as Iran relies on the strait for crude exports mostly to China.
- Analyst Andy Lipow noted that a complete closure of the Strait could push oil prices to $120–$130 a barrel, but multiple analysts believe Iran will likely not block the waterway due to revenue needs.
- These events suggest markets expect limited escalation since Iran spared oil channels, while inflation pressure remains a concern, prompting Fed Governor Michelle Bowman to support rate cuts if inflation stays contained.
51 Articles
51 Articles
Airlines in the United States and Europe recorded an upturn in their stock this Tuesday, an unexpected move that brought some fresh air to the industry. According to the original report, this occurred in the midst of a drop in oil prices, driven by expectations that a ceasefire would be maintained between Israel and Iran.In Europe, Air France KLM, the owner of British Airways and Lufthansa saw a significant rise, ranging from 6% to 10%.Wizz Air,…
Business Insider
MSNOil prices tumble, stock futures up after Trump announces Israel-Iran ceasefire
Markets are relieved after President Donald Trump said Israel and Iran have agreed to a ceasefire.Timothy A. Clary/AFP/Getty ImagesOil prices are tumbling after President Donald Trump announced a Israel-Iran ceasefire agreement.Oil prices were already falling after Iran launched strikes on a US airbase in Qatar.Markets saw Iran's strikes as a de-escalatory move as Tehran did not target the Strait of Hormuz.Oil prices are down sharply while stock…
Oil price plunges after Iran does not target energy infrastructure
US futures rise as Donald Trump flags a ceasefire deal between Israel and Iran. Earlier, Iran's retaliatory strikes were not seen as an escalation, leading to a drop in the price of Brent crude. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Temple Daily Telegram
Stocks rally and oil tumbles as Wall Street hopes for a limited retaliation after US strikes on Iran
U.S. stocks rallied, and oil prices tumbled on hopes that Iran will not disrupt the global flow of crude, even with the United States’ entry into its war with Israel.
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