business / news / / CNBC TV18
Dow futures fall nearly 500 points after US-Iran talks fail in Islamabad; WTI crude surges 8% US markets had rallied last week in anticipation of the peace.
Dow futures dropped nearly 500 points after US-Iran peace talks failed in Islamabad.
KEY POINTS
- WTI crude oil surged 8%, surpassing $105 a barrel following the breakdown in talks.
- President Trump announced a US naval blockade of the Strait of Hormuz starting Monday.
- US Central Command will block all maritime traffic to and from Iranian ports from 10 AM ET.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →