Dow loses more than 270 points as oil prices pressure stocks amid rising Iran tensions: Live updates - CNBC
U.S. stock markets declined as rising tensions between the U.S. and Iran pushed oil prices higher. Investors are closely monitoring stalled diplomatic negotiations and potential geopolitical instability in the Middle East.
Why it matters
Geopolitical conflict in the Middle East directly impacts global energy costs and market volatility, influencing U.S. economic policy and investor sentiment.
The S&P 500 fell on Monday, while oil prices rose, as investors weighed tensions in the Middle East.
The broad market index fell 0.52% to end at 7,745.06, while the Nasdaq Composite moved 0.32% lower to 26,644.91. The Dow Jones Industrial Average shed 272.63 points, or 0.51%, to close at 53,459.78.
Eyes were focused on the conflict in the Middle East, with the ceasefire between the U.S. and Iran expiring Monday as negotiations between the two sides have stalled. Iran has ruled out talks to extend the memorandum of understanding, state news agency Tasnim has reported.
A senior Iranian official told Reuters Monday that the country would shift to an offensive posture if diplomacy with the U.S. fails, while President Donald Trump told Fox News Monday that the U.S. would bomb Oman if it " gets in the way ."
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