Wall Street’s main stock indices are falling this Thursday (26), after gains in the previous session. Investors are showing growing doubts about a possible near end to the war in the Middle East.
The commander of the IRGC (Iranian Islamic Revolutionary Guard Corps) Navy, according to two Israeli sources with knowledge of the matter.
US President Donald Trump said that would put an end to the fighting and called on Tehran to “take negotiations seriously”. Iran’s Tasnim news agency reported that Tehran officially responded to the report, citing sources with knowledge of the matter.
Iran, which publicly denies the existence of serious peace talks with the United States, continued to exchange attacks with Israel. , in preparation for a possible US operation to take control of the island, according to sources familiar with US intelligence reports. Kharg Island is the hub for about 90% of Iran’s crude oil exports, and experts warn that any attacks on refineries located there would worsen the conflict.
At around 11:50 am, Brasília time, the Dow Jones index lost 0.29%, at 46,296 points. The Nasdaq fell 0.94%, to 21,723 points, while the S&P 500 fell 0.61%, to 6,551 points.
Brent, the global reference, in June, rose 4.26%, to US$ 101.40 a barrel. WTI, a reference in the US, in May, appreciated 3.70%, at US$ 93.66 a barrel.
Technology stocks suffered significant declines. Memory chip manufacturers such as Micron Technology, SanDisk and Western Digital recorded declines of more than 5%, more than 7% and more than 5%, respectively. Meta and Alphabet fell more than 5% and almost 2%, respectively. Nvidia lost almost 3% in value and Tesla also lost around 2%.
The OECD declared this Thursday (26) that the conflict in the Middle East, as the stoppage of part of oil shipments through the Strait of Hormuz threatens to increase inflation sharply.
Furthermore, central banks are in a delicate situation regarding interest rates, as money market participants are not considering any further monetary easing this year. Two rate cuts were expected before the US and Israel’s war with Iran began, according to CME Group’s FedWatch tool.
Data showed that slightly last week, suggesting a stable labor market and allowing the Fed to keep rates unchanged as it monitors the impact of the war.
*With information from Reuters
