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S&P 500 Dips as Middle East Tensions Drive Oil Surge and Fed Rate Hike Bets

CNBC TV18 Read original source (opens in a new tab)
The Story

News Summary

  • Asian and US equities dropped amid escalating geopolitical tensions between the US and Iran.
  • Surging crude oil prices have reignited inflation fears and boosted expectations for another Federal Reserve interest rate hike, dampening broader market sentiment.
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