Dow drops 400 points as oil surges after Iran attack on US forces
On Wednesday, U.S. stock markets declined as oil prices surged after an Iranian missile strike targeted American troops in the Middle East. Meanwhile, investors are anticipating the Federal Reserve's decision regarding interest rates, which is expected later in the day.
Key facts
- Dow dropped 400 points
- Oil prices surged
- Iranian missile attack on American forces in the Middle East
- Federal Reserve interest rate decision expected later today
- Date: Wednesday
Entities
Institutions
- Federal Reserve
Locations
- United States
- Middle East
- Iran
Sources
- Quartz —