Oil tops $110 per barrel and Wall Street tumbles after Trump vows to escalate attacks on Iran
Headline from Anchorage Daily News, on the newest of 4 developments
Oil rose more than 9% and U.S. futures slid sharply lower after President Trump said in his national address that he will continue to attack Iran for weeks even though it is “really no longer a threat.”
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Global oil prices jumped overnight and U.S. stock indexes gained after a weekend that saw Iran-backed Houthi militants launch ballistic missiles at Israel.
WASHINGTON (AP) — As the Iran war intensifies, President Donald Trump has prioritized efforts to calm the financial markets — trying to keep oil prices from exploding upward, stocks from cratering and interest rates from surging.
President Donald Trump has expressed frustration with allies who have been unwilling to help the U.S. war effort, telling them to “go get your own oil” as the conflict with Iran and its closure of the Strait of Hormuz sent average U.S. gas prices past $4 a gallon.
The war with Iran has pushed gas prices above $4 a gallon. It's also imposing new costs on farmers and beer makers. The stock market seems to be shrugging that off.
The average US gas price hit $4 a gallon as the president told other nations to “go get your own oil.” Meanwhile, Trump is set to address the nation on Wednesday night. Follow for live updates.
Oil rose more than 9% and U.S. futures slid sharply lower after President Trump said in his national address that he will continue to attack Iran for weeks even though it is “really no longer a threat.”
President Donald Trump has repeatedly sought to tamp down the surging price of oil by telling investors what they’re eager to hear: The war in Iran is almost over.
Oil prices rebounded sharply after President Trump signaled continued military escalation against Iran, reinforcing fears of prolonged supply disruptions and structural tightness in global energy markets.
Oil prices climbed and stocks slipped Thursday, after inflammatory remarks by US President Donald Trump and Iranian officials sparked fears that the conflict could still escalate significantly.
Stocks are dropping and oil prices are soaring after President Donald Trump vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. The S&P 500 fell 1.1%, the Dow sank 545 points and the Nasdaq dropped 1.6%. The price of U.S.
Stocks dropped sharply and oil prices surged after Donald Trump's address about the Iran war failed to assure markets that the conflict would end soon.
