G20 Finance Officials Gather in U.S. as Iran War Grips Global Economy
The meeting is expected to focus on the ongoing economic shock from the war in Iran, which has driven up oil prices globally.
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The meeting is expected to focus on the ongoing economic shock from the war in Iran, which has driven up oil prices globally.
The first attacks in a month jolted energy markets. The average U.S. gasoline price remained 37 percent higher since the war began.
Oil prices jumped on Monday after the U.S. and Iran exchanged fire for the first time in a month.
Investors should be on high alert because various key market metrics are coiling near consequential thresholds.
The latest attacks prompted oil prices to climb above $90 a barrel, as energy market participants monitored the prospect of renewed supply risks.
Stock Market Today: The Dow Jones index drops while oil prices jump Monday after the U.S. and Iran exchange new strikes.
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock
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