Global Markets
Home›Global Markets›Trade & Tariffs›Oil drops as investors await plan to target Iran
Oil drops as investors await plan to target Iran
The move comes as investors look for policy details from the incoming economic policymaker, with tech stocks starting the week under pressure, according to WSJ Markets.
Investors pulled back as oil prices fell, with markets focused on what is expected from the incoming economic policymaker’s plan aimed at Iran.
WSJ Markets said the stock market opened the new week with tech shares under pressure, linking the early selloff to the heightened attention on Iran-related policy expectations.
The developments highlight how expectations around Iran are feeding into both energy prices and risk sentiment in equities at the start of the week.
← Newer storyHedge fund redemption notices tick up in August but stay lowOlder story →Regal Partners hedge fund CIO Phil King to retire, shares slide
More like this
Global MarketsIran’s rial hits record low as new US sanctions loom