Stock futures slid and oil prices surged above $100 a barrel on Thursday as Iran continued its assaults on U.S. Gulf allies and tankers in the Persian Gulf, with a massive release of oil supplies by the International Energy Agency doing little to calm jittery investors. “Iran’s strategy of sowing economic chaos in the Gulf … Read more
Trading steadied early Tuesday and crude prices eased after wild swings this week with investors trying to figure out how long the war with Iran will continue. Futures for the Dow Jones Industrial Average rose 0.2% before the opening bell, while S&P 500 futures inched up 0.1%. Futures for the Nasdaq were up 0.2%. On … Read more
Gasoline prices in the U.S. continued climbing on Monday after the U.S.-Israeli war with Iran pushed oil prices above $100 per barrel, the highest since 2022. The average national cost of gas is now $3.48 per gallon, up 48 cents since last week and 58 cents from a month ago, according to data from AAA. That remains … Read more
U.S. stocks tumbled in early trading on Monday after oil prices topped $100 a barrel over the weekend and the war in Iran showed no signs of abating. The S&P 500 slid 88 points, or 1.3%, to 6,652 in early trading, while the Dow Jones Industrial Average plunged 632 points, or 1.3%, to 46,870. The … Read more
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BANGKOK — Japan’s benchmark Nikkei 225 index plunged more than 7% early Monday and other Asian markets also tumbled after oil prices soared to about $114 a barrel due to disruptions from the war in the Middle East, casting a shadow over economies heavily dependent on imported crude and gas from the region. The Nikkei … Read more
Oil continued its recent surge Sunday, hitting $100 per barrel for the first time since July 2022 as the ripple effects from the U.S. war on Iran continued to hit global markets. In addition to oil’s rise, S&P 500 futures declined 1.5%, Dow futures plummeted 900 points, and Nasdaq 100 futures slid 1.2%, indicating U.S. … Read more