Crude oil benchmarks jumped sharply as the diplomatic rift widened. U.S. crude settled at $90.03 per barrel, while Brent climbed to $93.10, reflecting the heightened risk of supply disruptions. President Donald Trump’s ultimatum demanding a peace deal, countered by Iran’s dismissal of the rhetoric as a sign of American desperation, pushed investors toward safe-haven assets and away from equities.
The S&P 500, Nasdaq, and Dow Jones all recorded steep losses as the uncertainty overshadowed stable domestic inflation data. Market participants are now bracing for the Federal Reserve’s upcoming interest rate decisions, which must now account for a geopolitical landscape that threatens to keep commodity prices—and by extension, inflation—erratic for the foreseeable future.





Comments (0)
No comments yet. Be the first!