US Stock Market LIVE Updates: The United States’ bunker-busting entry into Israel’s war with Iran is not upsetting the price of oil and stock markets on Monday (June 23), at least for now. The hope is that Iran won’t retaliate in a way that disrupts the global flow of crude, which would hurt economies worldwide but also its own.
US Stock Market LIVE Updates: The United States’ bunker-busting entry into Israel’s war with Iran is not upsetting the price of oil and stock markets on Monday (June 23), at least for now. The hope is that Iran won’t retaliate in a way that disrupts the global flow of crude, which would hurt economies worldwide but also its own. The S&P 500 was 0.3% higher in midday trading, coming off a week where stock prices had jumped up and down on worries about the conflict potentially escalating. The Dow Jones Industrial Average was up 32 points, or 0.1%, as of noon Eastern time, and the Nasdaq composite was 0.4% higher. The price of oil did jump 4% shortly after trading began on Sunday night, but it quickly pared back as the focus shifted from what the US military did to how Iran would react. By midday Monday, the price of a benchmark barrel of US oil was down 0.2% at $73.69. Brent crude, the international standard, dipped 0.1% to $76.98 per barrel. They still remain above where they were before the fighting began over a week ago, when a barrel of benchmark US crude was close to $68.
Watch this space for more live updates.
