Daily Market Updates: Dow falls as oil prices surge on renewed fighting with Iran

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Dow falls as oil prices surge on renewed fighting with Iran

Global oil prices logged their steepest rise since May as investors reacted to renewed Iran-related conflict.

Reported · Written up by our desk · Energy

Wall Street’s decline followed a sharp jump in global oil prices amid renewed fighting involving Iran, the Wall Street Journal Markets reported. The outlet said the Dow fell as oil posted its steepest climb since May.

According to the NYT Business, investors had been encouraged by a fragile US-Iran cease-fire, but the renewed conflict raised questions about whether that peace can hold.

Latest closeDow Jones 52,348.09 ▼1.1%

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Sources

WSJ MarketsWall Street’s Peace Trade Collides With Renewed Iran Fighting

NYT BusinessRenewed Fighting With Iran Shows Cracks in Peace-Trade Rally

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Dow falls as oil prices surge on renewed fighting with Iran

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