US EditionStocks tumble as Wall Street fears a prolonged war with Iran
- U.S. stock index futures fell over 1% on Monday as investors priced in a conflict lasting weeks, while global stock markets from Europe to Asia sold off sharply.
- Iran said Monday it would attack ships transiting the Strait of Hormuz, following coordinated United States and Israel strikes that killed Ayatollah Ali Khamenei, Iranian Supreme Leader, while President Donald Trump warned, `Wars can be fought 'forever,' and very successfully'.
- The U.S. crude oil at $77.76 per barrel and Brent crude at $84.70 jumped over 9% Tuesday, while the CBOE VIX surged 22% to a three-month high.
- Carriers and travelers faced immediate disruption as airlines halted flights and carrier stocks plunged in premarket trading on Tuesday, while the U.S. gasoline price rose about $0.11 to roughly $3.11.
- Broader economic and political costs are emerging as analysts warn the oil price surge will worsen inflation and could delay Federal Reserve rate cuts, while U.S. Congress prepares a war powers vote and the Pentagon expects more troop losses.
112 Articles
112 Articles
Why the stock market thinks the Iran war will last 4 weeks, according to Goldman's head of oil research
The market is pricing in about a month of action in the Middle East, but experts warn triple-digit oil prices could become reality if war lasts even longer.
ASX set to fall sharply as global markets tumble; Oil prices surge
A selloff for stocks is slamming into Wall Street after wrapping around the world, as oil prices leap even higher with worries that the widening war with Iran may do more sustained damage to the economy than feared.
Dow plunges as oil prices leap higher on war worries
A sell-off for stocks is slamming into Wall Street after wrapping around the world, 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 Express Tribune
Business TimesIran war enters fourth day in 'smoke and blood' as markets slide
Explosions tore through Tehran and Beirut on Tuesday and financial markets around the world tumbled at the prospect of a prolonged disruption to global energy supplies from the US-Israeli air war against Iran. Iranian drones slammed into the US embassy in Saudi Arabia, causing minor damage and starting a fire, after previously hitting the mission in Kuwait. Washington responded by shutting those missions and ordering non-emergency government pe…
Dow falls 1,000 points as Iran War escalates
Photo of Wall Street (Matteo Colombo/Getty Images) (NEW YORK) — The Dow Jones Industrial Average plunged more than 1,000 points in early trading on Tuesday as the ongoing U.S.-Israeli war with Iran prompted a major selloff. The Dow fell 1,075 points, or 2.2%, while the S&P 500 dropped 2%. The tech-heavy Nasdaq plummeted 2%. Investor reaction on Tuesday sharply departed from the muted response a day earlier, when the major indexes closed essentia…
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