US Stock Futures Dip as Oil Prices Surge Amid Iran Tensions
Published by WarSignal Editorial · Last updated
U.S. stock futures fell on the New York trading floor as oil prices jumped following renewed tensions with Iran.
The Dow Jones Industrial Average futures slid 0.4%, while the S&P 500 and Nasdaq futures fell 0.3% and 0.4% respectively. Oil prices rose to $88.30 a barrel, the highest level since early March.
The market reaction came after Iran’s foreign ministry warned of a “new phase” of conflict, prompting concerns over potential disruptions to Middle East oil supplies.
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