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Iran war latest: Trump says US considering winding down war but other nations must guard Hormuz BBCIran War Live Updates: U.S. Steps Up Efforts to Clear Strait of Hormuz as Oil Prices Remain High The New York TimesTrump considers "winding down" Iran war without opening Hormuz Strait AxiosTrump: 'I don't want to do a ceasefire' in Iran war CNBCTrump Rebuffs Iran Ceasefire Idea, Weighs Kharg Options Bloomberg.com
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Oil prices had been gyrating this week, after a new round of attacks on major energy facilities in Iran and Qatar raised concerns about energy supplies.
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Higher oil prices resulting from the U.S.-Israeli war in Iran are dashing hopes for any interest-rate cut by the Federal Reserve this year and even leading to growing chances of a rate hike.
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Oil prices settled higher Friday, with global benchmark Brent crude posting a fifth straight weekly gain, after the Pentagon said it is sending more troops and warships to the Middle East.
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Stocks tumble Friday as losses mount from Iran war impact, Dow and Nasdaq near correction: Live updates CNBCUS stocks slide, Nasdaq, Dow near corrections amid Iran war USA TodayWall Street tumbles as Middle East turmoil fans inflation fear ReutersOil Prices Hold Steady as Global Stocks Nudge Lower The New York Times
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Small caps are especially sensitive to changes in oil prices and a slowdown in the economic cycle.
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Global benchmark oil prices were pulling back from their highest level in nearly four years on Thursday afternoon after President Trump said he wouldn't send troops to the Middle East, helping to ease energy-market concerns about the Iran conflict.
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