Oil rises and US stock futures slide as markets react to US strike on Iran nuclear sites
https://apnews.com/article/stock-market-oil-iran-attack-2d05b0a9e52320e822b649b8e29d28aa?utm_source=flipboard&utm_medium=activitypub
Posted into Business and Finance @business-and-finance-AssociatedPress
Oil tumbles and stocks rise after Iran retaliates but avoids energy targets
U.S. stocks rallied, and oil prices tumbled on hopes that Iran will not disrupt the global flow of crude, even with the United States’ entry into its war with Israel. A barrel of benchmark U.S. oil dropped more than 7% to $68.51 on Monday after briefly topping $78 Sunday night. The S&P 500 rose 1%, the Dow Jones Industrial Average added 374 points and the Nasdaq composite gained 0.9%. Iran has the ability to block access to much of the world’s oil, but it would also hurt its own economy by doing so. Treasury yields fell in the bond market.




