Oil prices are on the rise again following escalating tensions in the Middle East. The surge comes as investors await the Federal Reserve's decision on interest rates, which could impact various markets.
The S&P 500 declined by 0.9%, while the Dow Jones Industrial Average dropped 825 points, or 1.6%, as of 11:45 a.m. Eastern time. The Nasdaq composite also fell by 1.2% in response to these market shifts.
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