Stocks Dip, Oil Surges Amid Iran Conflict

0:00It's April 9th. You're listening to Dallas News today, AI-powered local news. Stocks took a hit today while oil prices climbed back near $100 a barrel, all thanks to shaky vibes around that Middle East truce as. The Iran conflict drags on. Bring crude futures jump 3.5% to $98, and US West Texas and immediate surge 4.6% to $98.88. Wall Street futures dipped, and Europe's STOXX 600 index fell half a percent after yesterday's big 3.7% pop. Earlier this week, markets rallied hard on President Trump's two-week ceasefire announcement with Iran. The S&P 500 leaped 2.5%, the Dow sword 1,325 points, or 2.8% and Nasdaq climbed 2.8%, riding gains from Europe and Asia. Both sides are claiming victory, but the ceasefire is already fraying with ongoing pressure.

1:01Trump hit truth social, saying US troops and gears they put in the region, and America insists on reopening the straight-of-form moves plus Iran ditching. It's enriched uranium.pile. Fresh inflation numbers show core PCE prices up 2.8% yearly for February, matching forecast, though the economy grew just half a. In the fourth quarter, versus the expected 0.7%. Oil still 40% higher than pre-war levels, fueling global price worries. Fed folks met yesterday, with more signaling possible rate hikes to tame inflation, even as others eye cuts ahead. States stay glued to Iran updates, as any flare-up could spy costs here at home.