Middle East Tensions Send U.S. Stock Futures Lower Amid Oil Price Spike
U.S. stock futures declined on August 18 as tensions in the Middle East rose and oil prices increased, heightening inflation concerns.
The Nasdaq 100 index's futures were down by 1.11%, while the S&P 500 Index's futures fell by 0.54% at around 5:46 a.m. EDT.
Oil prices rose on August 18 as hopes for a quick U.S.-Iran deal faded, with Brent crude trading near $91.64 a barrel and WTI crude near $84.93 a barrel.