Oil rises amid ongoing Iran war as Wall Street stays calm

Oil rises amid ongoing Iran war as Wall Street stays calm Oil prices climbed after fresh fighting threatened the US-Iran ceasefire, though US stock markets showed little sign of concern. The S&P 500 fell 0.1 percent in early trading, slipping slightly below the record high it reached last week. The Dow Jones Industrial Average dropped 166 points, while the Nasdaq composite was little changed. Brent crude rose 4.7 percent and Treasury yields moved higher, while technology stocks outperformed the broader market. Shares in Science Applications International Corp. surged after the company reported quarterly profits that exceeded analysts’ expectations.

Oil prices climbed after fresh fighting threatened the US-Iran ceasefire, though US stock markets showed little sign of concern.

The S&P 500 fell 0.1 percent in early trading, slipping slightly below the record high it reached last week. The Dow Jones Industrial Average dropped 166 points, while the Nasdaq composite was little changed.

Brent crude rose 4.7 percent and Treasury yields moved higher, while technology stocks outperformed the broader market.

Shares in Science Applications International Corp. surged after the company reported quarterly profits that exceeded analysts’ expectations.