"Trump's speech warned that Iran would be brought back to the Stone Ages within two to three weeks, erasing gains from prior sessions on potential de-escalation."
"West Texas Intermediate crude climbed as high as $111.50 per barrel intraday, reflecting an 11% gain, while Brent crude reached approximately $108 per barrel."
"Fuel-sensitive stocks, including Delta Air Lines and American Airlines, fell between 2% and 4% as investors reacted to rising oil prices."
"The Dow Jones Industrial Average shed about 0.3%, closing near 46,400, while the S&P 500 and Nasdaq Composite also saw slight declines."
President Trump's national address on Iran led to a decline in Wall Street, reversing optimism from earlier in the week. His warning to bring Iran back to the Stone Ages caused oil prices to surge, with West Texas Intermediate crude reaching $111.50 per barrel. Fuel-sensitive stocks like Delta and United Airlines fell between 2% and 4%. The Dow Jones Industrial Average dropped about 0.3%, while the S&P 500 and Nasdaq Composite also experienced slight declines. Defense and aerospace stocks remained stable amid the turmoil.
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