economy
CNBC Daily Open: Fresh Iran war worries halt stock rally
Oil prices rise and markets fall after Netanyahu tells CNBC Israel and U.S. prepared to attack Iran again if necessary.
TL;DR
- Israeli Prime Minister Benjamin Netanyahu stated Israel and the U.S. are prepared for renewed military action against Iran.
- Oil prices (Brent and WTI crude) increased due to fears of renewed escalation.
- S&P 500 futures declined after a nine-day winning streak was broken.
- Israel and Lebanon have agreed to implement a ceasefire.
- The U.S. House of Representatives voted to block further American military involvement in the Iran conflict.
- Iran's Foreign Ministry declined to comment on Trump's remarks about Iran agreeing not to have nuclear weapons, with a government official calling Trump's words 'misleading'.
- The Kuwait International Airport was struck by Iran, following U.S. 'self-defense strikes' on Qeshm Island.
- Corporate news saw Broadcom and CrowdStrike shares drop after reporting weaker-than-expected results or guidance.
- SpaceX priced its IPO at $135 per share, valuing the company at approximately $1.77 trillion.
- Bitcoin's long-term holders have begun selling, potentially signaling the end of a cryptocurrency slump.
- 26% of bitcoin sold in the past 30 days came from investors who bought it above $90,000.