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Global stocks fell and oil prices rose after escalating Iran conflict increased market uncertainty.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02World shares fell and oil prices rose on Friday after Wall Street recorded its worst decline
00:07since the Iran war began as doubts over de-escalation increased, according to AP.
00:12European markets declined, while Asian markets were mixed.
00:15The S&P 500 dropped 1.7%, the Dow fell 1% and the Nasdaq declined 2.4% and
00:23entered correction territory.
00:24Trump delayed a threatened strike on Iran's energy facilities and extended a deadline to reopen the Strait of Hormuz to
00:31April 6th.
00:32Oil prices rose, with Brent crude at $103.51 and U.S. crude at $96.12.
00:40Iran rejected a U.S. ceasefire proposal and the U.S. deployed more troops.
00:44The Strait of Hormuz remained largely closed, with some ships reportedly paying transit fees.
00:50Gold and silver prices increased, while the dollar rose slightly.
00:53For all things money, visit Benzinga.com.
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