Crude oil rose nearly $4 and stocks fell on reports of a US attack on Iran. Explosions reported in Chabahar and Bandar Abbas.
Reports of a US attack on Iran have pushed crude oil prices up and stock prices down. Local reports indicate explosions were heard in Chabahar and Bandar Abbas.
Crude oil reached a high of $89.85, currently trading at $89.72. That represents a gain of nearly $4 on the day. The session low was $86.70.
US stocks fell, with the Nasdaq index dropping 106 points, or 0.79%, to 26167. It remains above its low of 25995.53. The Nasdaq 100 declined 328 points, or 1.11%, to 29127, also off its low of 28992.25.
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