Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria.
.
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza.
.
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza.
.
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Former U.S. President Donald Trump has issued a chilling ultimatum to Iran, warning of devastating bombings and harsh secondary tariffs if Tehran refuses to negotiate a nuclear deal with Washington. In a fiery interview with NBC News, Trump declared, "If they don't make a deal, there will be bombing!" His comments come as tensions between the U.S. and Iran continue to escalate, with Tehran rejecting past negotiations and expanding its uranium enrichment program. Will this standoff lead to another military confrontation in the Middle East? Stay tuned for the latest updates!
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Hezbollah has officially escalated its attacks against Israel, joining Hamas and the Houthis in a coordinated assault. Northern Israel has been hit by barrages of missiles, intensifying fears of a three-front war across Lebanon, Gaza, and Yemen. The latest strikes follow a wave of cross-border hostilities, with Israel responding with retaliatory airstrikes. The conflict is rapidly escalating, raising concerns of a wider regional war in the Middle East.
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