Wall Street indexes drop as oil prices fuel inflation fears
Wall Street indexes fell on Monday as oil prices approached 120 dollars per barrel. Rising energy costs have reignited inflation fears and hit travel stocks.
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Wall Street main indexes were poised for a lower open on Monday as a significant spike in oil prices fanned inflation concerns amid ongoing hostilities in the Middle East. Geopolitical tensions intensified after Iran named a new supreme leader, signaling a firm grip by hardliners in Tehran.
