Late Wednesday, U.S. stock futures edged lower while oil prices surged.
Meanwhile, Iran has announced the closure of the Strait of Hormuz and President Donald Trump warned that additional military action could follow if Tehran fails to reach an agreement with Washington.
Dow Futures Dip As Oil Prices Rally On Middle East Tensions Dow futures fell 50 points, or 0.10%, to 49,940.00, while S&P 500 futures declined 4.00 points, or 0.05%, to 7,274.50 and Nasdaq 100 futures lost 47.50 points, or 0.17%, to 28,506.50 as of around 8:50 p.m.
EDT.
In commodities, WTI crude oil climbed 2.60% to $92.37 per barrel, while Brent crude advanced 2.19% to $95.14 per barrel.
