All articles tagged with #us iran escalation
Renewed U.S.-Iran clashes have driven tanker traffic through the Strait of Hormuz back to a near standstill, with reports of only one sanctioned tanker moving and several vessels turning away, triggering a spike in oil prices after a period of traffic recovery.
Stocks fell at the open after U.S. air strikes on Iran over the weekend raised fears of a wider conflict, with the S&P 500 down about 0.9%, the Nasdaq around 1%, and the Dow about 1.1%. Oil prices surged on supply-disruption worries tied to Middle East tensions, while traders weighed potential inflationary pressures and what a longer conflict could mean for policy and rates.