Iran, Israel and Oil
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U.S. stock-index futures largely erased initial losses Sunday, after a massive tech selloff on Friday interrupted Wall Street’s two-month rally, and after new developments threatened the fragile cease-fire in the Iran war.
Oil prices would spike if Iran's Houthi allies started attacking ships passing through the Bab el-Mandeb Strait.
Iran conflict-driven oil volatility: explore oil & gas subsectors, Quant Ratings, and Northern Oil & Gas’s Canada move to spot opportunities—read now.
Iranian exports of crude oil and condensate fell to their lowest level in ‌at least six years in May, falling well below 300,000 barrels per day, mainly due to the U.S. naval blockade, according to shipping data and analysts.
Exxon stock (XOM) rose on June 1 after Iran stopped talks with the U.S., pushing oil prices higher and lifting energy stocks again.
The Raven's Quill, a mobile bookstore in Pittsburgh, shows off its inventory to Talk Pittsburgh.
Fox News chief foreign correspondent Trey Yingst reports on President Donald Trump's firm stance that Iran's attacks on Israel could hinder peace negotiations on 'The Big Weekend Show.'