U.S. Stocks Fall, Oil Climbs on Middle East Conflict
Major stock indexes fell and oil prices climbed after Iran launched a barrage of missiles at Israel. The S&P 500 was off around 0.8% in midday trading, a day after it closed at a record high. Treasury yields also fell.
US stocks drop, oil climbs over Iran strike amid escalating Mideast tensions
Iran launches missiles at Israel, triggering a selloff in US stocks and jump in oil prices. Markets are unnerved but not yet panicked, analysts said.
Stock Market Today: Dow drops over 300 points, oil jumps as Middle East tensions escalate
Oil futures erased early losses to trade sharply higher Tuesday, after the White House warned that Iran was planning an imminent missile attack on Israel. “The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel.
Stocks and bond yields tumble, oil prices spike as Mideast tensions flare
Stocks and bond yields fell on Tuesday amid escalating tensions in the Middle East. Crude oil rose more than 3% on speculation that regional conflict will hit production. Gold prices climbed as investors flocked to safe-haven assets.
Live news: Oil prices fall despite heightened Middle East tensions
The price of oil continued to slide despite escalating tensions in the Middle East as lower global demand weighs on producers. Brent crude, the international oil benchmark, was down 1.9 per cent to $70.
Oil prices drop, with supply concerns outweighing worries over Middle East
Oil futures kicked off October and the fourth quarter on a down note, feeling pressure from expectations for increased supply as traders continued to look past an escalation of tensions in the Middle East.
Oil steady as prospect of more supply offsets Middle East conflict worries
Oil prices were steady on Tuesday as the prospect of additional supply entering the market amid lacklustre global demand growth offset concerns that the escalating Middle East conflict could disrupt exports in the key producing region.
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