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US Threatens New Iran Sanctions: Oil Spikes While Stock Indices Slide

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • Treasury Secretary Scott Bessent signaled imminent sanctions against Iranian banks, driving crude oil prices higher as geopolitical risks escalate.
  • Rising energy costs and inflation concerns weighed on major U.S.
  • equity indices, sending the Nasdaq-100 and S&P 500 into negative territory.
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108.02 +66.39% over the displayed period

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