U.S. Stocks Fall Overnight While Oil Rises 2.6% Amid U.S.-Iran Tensions and Supply Tightness

According to Jin10, overnight equity markets declined sharply. U.S. stocks fell across the board, with the Dow Jones down 1.21% to 50,687.07 points, the S&P 500 down 0.74% to 7,553.68 points, and the Nasdaq down 0.89% to 26,853.98 points. European indices also retreated, with Germany's DAX down 1.31%, France's CAC 40 down 0.71%, and the UK FTSE 100 down 0.40%.

Commodity markets showed mixed action. U.S. crude rose 2.6% to $96.20 per barrel and Brent crude rose 1.45% to $97.39 per barrel, supported by escalating U.S.-Iran tensions, stalled peace negotiations, supply concerns from the Strait of Hormuz, and declining U.S. crude inventories. Gold futures fell 1.27% to $4,462.70 per ounce, while London base metals declined across the board, with copper down 1.82%, nickel down 2.22%, and tin down 1.26%.