US stocks slip and oil prices rise on Iran tensions
Treasury yields and oil prices rose on Thursday while Wall Street indexes dipped after Iran's supreme leader issued a directive against sending weapons-grade uranium abroad. The geopolitical tension weighed on markets alongside a decline in Nvidia shares despite the company beating earnings expectations.
The United States stock market fell on May 21 after reports that Iran blocked the export of weapons-grade uranium. The S&P 500 dropped 0.37% to 7,405.46 as geopolitical tensions triggered a rise in Treasury yields and energy prices. Iran's supreme leader Ayatollah Mojtaba Khamenei issued a directive that the country's near-weapons-grade uranium should not be sent abroad, directly opposing a U.S. and Israeli demand.
### Uranium Stance Drives Energy and Yields Higher U.S. President Donald Trump has assured Israel that Iran's stockpile of highly enriched uranium will be removed as a condition of any peace deal. The directive intensified investor concerns about a prolonged conflict that has already disrupted global energy markets.
