Dow futures fall as oil jumps on Iran warship tensions
Updated
Updated · CNBC · May 3
Dow futures fall as oil jumps on Iran warship tensions
9 articles · Updated · CNBC · May 3
Dow futures were down 208 points, S&P 500 futures lost 0.1%, and WTI and Brent crude rose about 3% above $105 and $111.
Markets trimmed earlier losses after US Central Command said no Navy ships were struck, countering Iranian reports that warships were blocked or missed near Jask island.
Trump said a new "Project Freedom" would try to help non-belligerent cargo ships leave the closed Strait of Hormuz, while investors also watched Friday's US jobs report after record S&P 500 and Nasdaq closes.
As the U.S. initiates its 'Project Freedom' blockade, is direct military confrontation with Iran now unavoidable?
After a U.S. strike killed its leader, is Iran's blockade a desperate final move or a calculated strategic risk?
With the largest energy crisis in history unfolding, can the global economy now avoid a full-blown recession?