First reported by Mailchimp
OPEC+ Approves Further Oil Output Increase
Stock futures edge lower as U.S. launches fresh strikes on Iran, oil prices rise
U.S. stock futures slipped Wednesday evening following a market selloff driven by renewed U.S.-Iran tensions and rising oil prices. The U.S. launched fresh strikes on Iran in response to attacks on commercial shipping near the Strait of Hormuz. Dow futures fell 56 points (0.1%), while S&P 500 and Nasdaq 100 futures each dipped 0.1% and 0.2% respectively. West Texas Intermediate crude oil futures rose about 1%. President Trump indicated he may no longer be interested in negotiating a deal with Iran.
Key quotes
The U.S. launched fresh strikes on Iran in response to Tehran's attacks on commercial shipping in and around the Strait of Hormuz, U.S. Central Command said Wednesday afternoon.
President Donald Trump said he may no longer be interested in negotiating a deal.
Futures tied to the Dow Jones Industrial Average were down 56 points, or 0.1%. S&P 500 futures fell 0.1%, and Nasdaq 100 futures lost 0.2% as well.
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