Wall Street futures are declining amid rising concerns over global oil markets, which have surged following a sharp rejection of a proposed peace deal with Iran. The unexpected turn has sent crude prices higher, raising fears of renewed tensions in the Middle East and potential disruptions to energy supplies. Traders are closely monitoring the situation as volatility spreads across financial markets, with investors weighing the risks of escalating geopolitical instability. The move underscores how swiftly oil price swings can impact broader economic sentiment.
Wall St futures drop as oil spikes after Trump rejects Iran peace proposal Reuters