Gas prices rise and stocks sink around the globe as U.S. deepens Iran campaign. Here's what to know |
Gas prices rise and stocks sink around the globe as U.S. deepens Iran campaign. Here's what to know now
Around the world, stocks fell and energy prices rose as Trump vowed U.S. could fight "forever"
Charly Triballeau/AFP via Getty Images
War is spreading in the Middle East after the U.S.'s shocking weekend series of attacks on Iran — and markets are reacting in real time to the new geopolitical risks spreading across stocks and energy, as well as billions in threatened AI investments closer to home. Here's a recap of the biggest trends as of Tuesday morning.
Oil is the biggest story
Brent crude is now trading north of $83 a barrel, up from roughly $73 at the beginning of February — a 14% jump in just one month. As of Tuesday morning, oil futures are soaring across the world, and prices could balloon further as Iran's Strait of Hormuz, the chokepoint of........