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.
U.S- Iran War: United States may request Turkey to remain neutral and avoid interference in Syrian airspace if a conflict with Iran erupts, Hurriyet reports. The matter could be discussed during an upcoming meeting between President Recep Tayyip ErdoÄan and Donald Trump. ErdoÄan is reportedly opposed to any Israeli aggression against Iran, calling it regionally destabilizing. Trump is expected to visit Turkey in May following trips to Saudi Arabia, Qatar, and the UAE. If not, ErdoÄan may head to Washington in June for crucial bilateral talks focused on the Middle East.
#Turkey #USIranTensions #MiddleEastCrisis #TrumpErdoÄan #IranConflict #SyrianAirspace #Geopolitics #Erdogan #Trump #IsraelIran #NeutralTurkey #IranTensions #USForeignPolicy #TurkeyUSRelations #MideastDiplomacy #IranCrisis #HurriyetNews #DiplomaticTensions #MiddleEastTour #TurkeyNeutrality
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Former President Donald Trump held a high-stakes phone call with Israeli Prime Minister Benjamin Netanyahu amid rising tensions in the Middle East. The two leaders reportedly discussed the ongoing deadlock in Gaza ceasefire negotiations, Iran's nuclear ambitions, and future U.S.-Israel cooperation. Trumpās explosive tweetāāWe are on the same side of every issueāāhas triggered intense speculation: is Trump backing a possible Israeli strike on Iranās nuclear facilities? The call came just days after indirect U.S.-Iran nuclear talks in Rome and with mounting Israeli pressure for a tougher American stance. As the world watches closely, are we on the brink of a new Middle East confrontation?
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