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Commodities

Middle East Tensions Spark Oil Price Surge

Guavy AI Editorial Team
Instruments
Oil
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Oil prices have surged following recent fighting in the Middle East, while US stocks remain relatively steady ahead of a Federal Reserve decision on interest rates.

The S&P 500 slipped by 0.1% as of 9:35 a.m. Eastern time, with the Dow Jones Industrial Average down 458 points, or 0.9%. The Nasdaq composite was 0.1% higher in morning trading.

Oil prices have jumped due to tensions in the region, but US stocks are not showing significant reaction. The Federal Reserve's decision on interest rates is expected to be closely watched by investors.

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