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Dow rises, oil falls more than 10% after Iran opens Strait of Hormuz

Dow rises, oil falls more than 10% after Iran opens Strait of Hormuz

The U.S. is exploring the possibility of releasing $6 billion in frozen assets belonging to Iran, marking the initial step in a potential settlement that could bring an end to the ongoing conflict, provided certain conditions are fulfilled, sources informed the Post on Friday. In total, there’s a chance that up to $20 billion might […]

Dow drops 180 points, oil rises as Trump’s deadline for Iran bombing nears

Dow drops 180 points, oil rises as Trump's deadline for Iran bombing nears

On Tuesday, U.S. stocks dipped while oil prices climbed as the clock ticked down to President Trump’s 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz. Many investors seemed to believe a deal wouldn’t materialize in time. By around 2:20 p.m. ET, the Dow Jones Industrial Average had dropped 175 points, which […]

Dow rises by 200 points, oil prices fall as Trump hints at leaving Iran in a few weeks

Dow rises by 200 points, oil prices fall as Trump hints at leaving Iran in a few weeks

On Wednesday morning, US stocks experienced an uptick following President Trump’s announcement about withdrawing from Iran in the coming weeks. This continued the positive trend from the previous day, as investors anticipated that reduced tensions in the Middle East might help stabilize oil prices. By 9:45 a.m. ET, the Dow Jones Industrial Average had gained […]