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Here's what smart people are saying about what the failed US-Iran peace talks and Trump's blockade mean for markets markets.businessinsider.comWall Street futures drop after US-Iran peace talks fail ReutersEuropean markets open the week lower and travel stocks plunge as Iran peace hopes fade CNBCCollapse of US-Iran talks heightens fears of prolonged energy shock The Guardian
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Dow futures fall 500 points as crude oil prices spike again: Live updates CNBCIran War Live Updates: Oil Climbs Back Above $100 as U.S. Plans Hormuz Blockade The New York TimesStock futures sink, oil prices jump as U.S. prepares to blockade Strait of Hormuz CBS NewsOil prices jump on US plans to blockade Iranian ports in Strait of Hormuz | CNN Business CNN
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A substantial majority of American business leaders are planning for U.S. tariffs to stay elevated for years — and that's a reasonable expectation, according to trade specialists at PwC.
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Consumers' views sour on business conditions and personal finances, and inflation expectations soar.
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