CNBC|1 minute read

Dow Futures Plunge 400 Points: Israel Strikes Iran, Oil Prices Skyrocket

TL;DR

Dow futures took a nosedive, dropping 400 points after Israel launched strikes against Iran, triggering a spike in oil prices. Key points include:

  • Israel’s airstrikes have intensified geopolitical tensions, causing market jitters.
  • Oil prices surged, raising concerns over inflation and economic stability.
  • Major stocks, including United and Carnival, saw significant declines.
  • Experts warn that high oil prices could impact global economies, particularly Germany.

Here's the full scoop!

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