Tuesday, August 18, 2026

Stocks slide, oil surges as Trump remarks hit Iran peace hopes

Date:

US Stock Market LIVE Updates: Futures on Wall Street declined sharply after US President Donald Trump’s prime-time address and continue to remain lower. While the Dow Futures are down 650 points, S&P and Nasdaq future are down up to 1.5%. Brent has risen sharply and is nearing the mark of $110 a barrel. Trump in his address said the Iran war was at the cusp of an end, but threatened to hit Iran “extremely hard” in the next two to three weeks. He also told countries that can’t get fuel should “build up some courage” and “just take the Strait of Hormuz”. He also did not share any clarity on whether there will be any ground operations in Iran. Trump’s escalation warning disappointed the markets, who were anticipating another TACO moment, with the Dow Jones having rallied for three days straight. The other risk is of the long weekend that lies ahead, and investors would be skeptical to take any positions forward amidst these war uncertainties. Check this space for LIVE Updates on US marketsUS Stock Market LIVE Updates: Futures on Wall Street declined sharply after US President Donald Trump’s prime-time address and continue to remain lower. While the Dow Futures are down 650 points, S&P and Nasdaq future are down up to 1.5%.Brent has risen sharply and is nearing the mark of $110 a barrel. Trump in his address said the Iran war was at the cusp of an end, but threatened to hit Iran “extremely hard” in the next two to three weeks. He also told countries that can’t get fuel should “build up some courage” and “just take the Strait of Hormuz”. He also did not share any clarity on whether there will be any ground operations in Iran.Trump’s escalation warning disappointed the markets, who were anticipating another TACO moment, with the Dow Jones having rallied for three days straight. The other risk is of the long weekend that lies ahead, and investors would be skeptical to take any positions forward amidst these war uncertainties.Check this space for LIVE Updates on US markets

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

India’s energy independence may be hiding in plain sight — in farms, waste and sugar mills

India’s ethanol success shows how homegrown fuels can cut...

India’s labour market picks up in July as unemployment falls to 5.1%

India’s labour market showed a broad-based improvement in July,...

Japan’s Q2 GDP growth slows to 1.1% as Iran war weighs on investment, consumer spending

Japan's economy grew slower than expected in the second...

Europe emerges top destination for India’s electric car shipments in Q1

Europe emerged as the top destination for Indian electric...