Stocks Sink, Oil Rises as US, Iran Path Forward Remains Unclear
Stocks fell and oil rose on concern the war in the Middle East is intensifying ahead of President Donald Trump’s deadline for Iran to agree to a ceasefire deal.
Fears that an escalation of the conflict could heighten an energy squeeze and endanger the global economy curbed risk appetite, with the S&P 500 halting a four-day advance.
Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO joins to discuss what investors should do in this environment. (Source: Bloomberg)
Global energy crisis intensifies
- ASX to slide as looming Iran deadline unsettles investors Sydney Morning Herald —
- Markets drift and economies slow ahead of Donald Trump’s Iran deadline Irish Independent —
- Key Real-World Oil Price Soars to Highest Level on Record Bloomberg —
- Delta raises checked baggage fees as the Iran war drives up jet fuel prices AP News —
- EIA Raises Oil-Price Forecasts as War in Middle East Continues Wall Street Journal —