US EditionStocks Slump and Oil Prices Jump as Trump Urges Iran's Surrender
- U.S. stock markets fell sharply on Tuesday as oil prices surged, driven by rising tensions involving Israel and Iran along with President Trump’s urgent demands for Iran to surrender.
- The market downturn occurred amid escalating tensions after President Trump departed the G7 summit ahead of schedule and called on the entire population of Tehran, approximately 9.5 million people, to evacuate immediately while demanding Iran's complete surrender.
- Amid geopolitical risks, the S&P 500 fell 0.8% to 5,982.72, the Dow dropped 299 points to 42,215.80, and Nasdaq declined 0.9% to 19,521.09, while U.S. crude rose 4.3% to $74.84 per barrel.
- Morgan Stanley's Ellen Zentner noted consumers are downshifting but have not slammed the brakes, and the International Energy Agency remains watchful for supply disruptions amid rising energy prices.
- The market reaction suggests investor caution toward worsening Israel-Iran conflict impacts on oil and economic growth, with the Federal Reserve poised to hold interest rates amid uncertain inflation and trade tensions.
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Oil edges down, stocks mixed but Mideast war fears elevated
Oil prices slipped Wednesday following the previous day's surge but investors remained on edge fearing a US intervention in the Israel-Iran conflict after Donald Trump called for Tehran's "unconditional surrender".
·Cherokee County, United States
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Total News Sources105
Leaning Left24Leaning Right11Center30Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 37%
C 46%
R 17%
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