
US Stocks Rebound Falters Amid Rising Iran Oil Market Uncertainty
US Stocks Sputter Amid Escalating Middle East Conflict
The Wall Street rebound sputtered on Thursday as lingering worries about an escalation of the Middle East conflict whipsawed the oil market. After rising almost 1% earlier in the day, the S&P 500 remained little changed in a volatile session.
The oil market was particularly volatile, with West Texas Intermediate crude hovering near $90. The situation was exacerbated by President Donald Trump's vow to take Kharg Island, which raised concerns about further escalation of the conflict. As the fallout from the war continued to fan inflation pressures, US producer prices rose in May at the fastest pace in more than three years.




