Wall Street Falls as Oil Spikes
Wall Street indexes declined as crude prices jumped after President Trump rejected an Iranian peace proposal. The oil surge revived inflation worries, driving Treasury yields higher and weighing on equities.
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Wall Street indexes fell on Monday after United States President Donald Trump rejected an Iran peace proposal, sending crude prices up 3% and driving Treasury yields higher. The downturn follows a rejection of terms relayed by Qatar mediators. The spike in energy costs revives inflation concerns, pressuring the Federal Reserve to consider further monetary tightening.
