Commodities● Neutral
Trump's Iran Strike Threat Lifts Oil, Weighs on S&P 500
Trump said Monday the U.S. will strike Iran 'hard' over two days, sending crude higher and equities lower on supply risk from the Strait of Hormuz.
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President Donald Trump said Monday the U.S. military will strike Iran "hard" tonight and tomorrow, a declaration that pushed crude oil futures higher and dragged the S&P 500 into the red. Trump offered no details on specific targets or the scope of the operation.
Benchmark U.S. crude rose within minutes of the statement, climbing toward session highs. The S&P 500 index slipped, with energy stocks the only major sector in positive territory. Utilities and consumer staples outperformed, a typical defensive shift.