Commodities
US-Iran Conflict Sends Oil Prices Soaring, Global Markets Plunge
Global markets were impacted on Monday after military strikes between the US and Iran drove up oil prices, sparking inflation concerns.
The Dow Jones Industrial Average fell by 97.4 points to open at 53,462.6, while the S&P 500 dropped 14.2 points to 7,697.52, and the Nasdaq Composite declined 43.9 points to 26,358.559.
Reporting from Reuters noted that the escalation of tensions between the US and Iran is leading investors to reassess their expectations for interest rates.