Source: Fortune.com
Summary
Stock futures were mixed on Sunday evening, with Dow Jones futures falling 0.12% and S&P 500 futures down 0.05%, while Nasdaq futures rose 0.08%. Oil prices continued to climb, with West Texas Intermediate futures rising 2.75% to $84.76 a barrel and Brent crude climbing 3.2% to $90.92. The US-Iran war escalated after the deaths of American service members, with the White House considering its next move. Retired Adm. James Stavridis outlined three options for President Trump, none of which are good.
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The numbers tell one story.
Futures markets are hedging their bets as the US-Iran war intensifies. Oil prices are soaring, and gold is dropping. The US military is continuing its daily bombardment of Iran, but has failed to secure an alternate corridor through the Strait of Hormuz. Iran’s drones and missiles are scaring away commercial vessels, giving Tehran leverage as global oil stockpiles dwindle. President Trump’s military options are narrowing, and Retired Adm. James Stavridis says none of his options are good.
The US is running out of good options in the Middle East.
Author: Evan Null
