Donald Trump says the new phase of the US offensive against Iran should not last long. However, the US president is reaffirming one absolute red line: Tehran must not obtain a nuclear weapon. As new strikes are carried out and oil, Wall Street and the midterm elections come under scrutiny, follow the latest developments in the crisis here.
7:30 p.m. – Wall Street rebounds despite escalating tensions with Iran
For now, US markets are holding up against the latest surge in geopolitical tensions.
During Wednesday’s session, the Dow Jones was up around 0.55%, the S&P 500 0.60% and the Nasdaq 0.50%, according to data reported by Reuters. The rebound comes after three difficult sessions for US equities.
Oil nevertheless remains one of the main pressure points. US crude was trading at around $90.79 a barrel, while investors monitor the conflict’s impact on the Strait of Hormuz, energy prices, inflation and, in turn, the Federal Reserve’s monetary policy.
