Wall Street fell, war fears
Photo: Richard Drew/AP/TT

Wall Street fell, war fears increase after attacks by the United States and Iran

New York stock markets fell on Monday as investors worried that the war could resume in earnest after attacks by both the United States and Iran.

At the close, the Dow Jones industrial average had fallen 1.1 percent, while the broad S&P 500 index lost 0.4 percent and the tech-heavy Nasdaq composite index fell 0.2 percent.

During the afternoon, Iran attacked targets in the United Arab Emirates. Earlier, it was reported to have struck a US military ship.

Events caused oil prices to rise sharply; at 10 p.m., a barrel of North Sea oil cost approximately $114.

The logistics industry reacted with significant concern to the escalating situation. Transport giant FedEx fell just over 9 percent, while shipping company UPS fell more than 10 percent.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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