President Donald Trump on Sunday said the U.S. had fired on and seized an Iranian-flagged cargo ship in the Gulf of Oman.
Stock futures tumbled Sunday night as tensions between the U.S. and Iran escalated over the weekend with the seizure of an Iranian-flagged cargo ship.
Dow Jones Industrial Average futures
shed 425 points, or 0.9%. S&P 500 futures
lost 8%, along with Nasdaq-100 futures
President Donald Trump on Sunday said the U.S. had fired on and seized an Iranian-flagged cargo ship in the Gulf of Oman. This comes after Iran declined to join another round of peace talks in Pakistan planned by the U.S.
All three major averages are coming off their best week since November on hopes that the conflict will soon come to an end.
Stocks are heading into the end of the shortened trading week
On Saturday, the United States joined Israel's war against Iran after attacking three key Iranian nuclear sites.
The Dow and Nasdaq fell around 2% each last week, while the S&P 500 lost 1.5%.
Stocks reversed course from their lows Monday and closed higher across the board after Trump gave signs that an end may be in…
The war between the U.S. and Iran is threatening to widen and jolt global energy supplies.
