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US crude tops US$110, Wall Street falls after Trump vows more Iran attacks
April 2, 2026
South China Morning Post
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Stocks slumped and oil prices soared on Thursday after President Donald Trump vowed the US will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. The SP 500 fell 1.1 per cent, with three out of every four stocks in the benchmark index losing ground. The Dow Jones Industrial Average shed 545 points, or 1.2 per cent, as of 9.52am Eastern.
The Nasdaq composite fell 1.6 per cent. Major indexes throughout Europe and Asia also fell. The broad...
South China Morning Post
Coverage and analysis from Hong Kong. All insights are generated by our AI narrative analysis engine.
Hong Kong
Bias: lean left
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