Rise in Oil Prices on Wall Street

Wall Street indexes showed a decline due to the increase in oil prices exceeding $90 and the tension between the US and Croatia. The Dow Jones index fell by 0.51%, the S&P 500 index by 0.52%, and the Nasdaq index by 0.32%. The tension between the US and Iran led to an increase in oil prices. US President Donald Trump stated that if Iran interferes with the Strait of Hormuz, he might bomb Oman. Iran, on the other hand, reached an agreement with Oman. The market is waiting for the Federal Reserve's (Fed) next meeting, which may not result in a change in interest rates.