Oil climbs and stock futures drop as fuel shortages sprea...
Trump told ABC News that if Iran doesn't make a deal, "their whole country is gone.
What’s Happening
Let’s talk about Trump told ABC News that if Iran doesn’t make a deal, “their whole country is gone.
” After stocks notched the first positive week since the U. -Israel war on Iran kicked off over a month ago, Wall Street is weighing another round of threats and the latest deadline from President Donald Trump. (we’re not making this up)
Recommended Video Futures tied to the Dow Jones industrial average fell 284 points, or 0.
The Details
57%, and Nasdaq futures took an L 0. 69 a barrel, and Brent crude climbed 1.
The national average gasoline price reached $4. 11 a gallon on Sunday, according to AAA , up from $2.
Why This Matters
In Europe, which depends heavily on Mideast refiners for jet fuel, shortages forced Italy to limit supplies at several airports . That’s after several countries in Asia have already kicked off rationing energy. 07% against the euro and up 0.
Market watchers are paying close attention to developments like this.
Key Takeaways
- The yield on the 10-year Treasury was flat at 4.
- The conflict has entered its sixth week, reaching the end of Trump’s earlier timeline for the war to last four to six weeks.
The Bottom Line
” That appeared to push his deadline back from Monday, which was already delayed from an earlier deadline a week and a half ago. Trump also told ABC News that if Iran doesn’t make a deal, “their whole country is gone.
What’s your take on this whole situation?
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