Stocks Set to Open Lower as Oil Prices Rise Above $100 Following Collapse of U.S.-Iran Talks
Stocks are expected to open lower as oil prices rise above $100 per barrel following the collapse of U.S.-Iran peace talks. President Trump announced a blockade of the Strait of Hormuz, increasing geopolitical tensions. Market participants are also awaiting major bank earnings reports.
Topics: blockade oil prices stock market Strait of Hormuz U.S.-Iran relations