Oil prices rocket higher and stocks tumble after Trump’s address

Oil rose more than 9% and U.S. futures slid sharply lower after President Donald Trump said in his first national address since the Iran war began that the United States will continue to attack the Middle East nation for a few more weeks even though it is “really no longer a threat.” Futures for the S&P 500 tumbled 1.5% before the opening bell on Thursday, while futures for the Dow Jones Industrial Average lost 1.4%. Nasdaq futures were off 2%. Benchmark U.S. crude rose $9.51 to $109.63 a barrel, its highest level in four years and surpassing prices for Brent crude, the international standard.