US EditionUS stocks rise and oil prices flip flop as Wall Street remains calm after US strikes on Iran
- On Monday, Brent crude fell 6.7% to $71.82 a barrel at 3:42pm, and US crude traded below $69 a barrel amid Middle East tensions.
- Tensions escalated when US strikes targeted Iranian nuclear facilities, leading Iran to retaliate by launching missiles at American military locations in Qatar and Iraq.
- China expressed willingness to communicate with Iran to promote de-escalation while US officials downplayed risks of closing the Strait of Hormuz.
- Analyst Andy Lipow warned that a full Strait closure could raise oil prices to $120–130 a barrel, translating to about $4.50 a gallon at the pump.
- Markets showed resilience with US stocks rallying and Federal Reserve officials like Michelle Bowman signaling possible rate cuts if inflation stays contained.
58 Articles
58 Articles
Despite the US attack and the counter-offensive of Tehran, Wall Street closed in positive and oil and gas prices collapsed. Unlike, but also due to, previous shocks
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 jumps as optimism returns; CBA hits fresh record, oil stocks tumble
The Australian sharemarket has jumped after Donald Trump announced a tentative ceasefire between Israel and Iran, raising hopes the worst has passed.
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.…
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