BUSINESSTHE GUARDIAN WORLD
US stock markets fall amid Iran strikes and potential higher interest rates
US stock markets fell on Wednesday as the US continued strikes on Iran and the Federal Reserve indicated potential higher interest rates. Donald Trump's statement at the Nato summit in Ankara ending the Iran-US ceasefire caused a sharp rise in oil prices, with Brent crude exceeding $80 a barrel. The Dow dropped 1.09%, the S&P 500 had a small loss, and the Nasdaq rose slightly, while global stocks like the UK’s FTSE 100 and Japan’s Nikkei also declined.
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