US stocks rise to an Iranian response that paid oil to below $ 70

Wall Street dealers have forced shares to rise with the fall in oil prices, as Iranian retaliation was considered a US air base in a limited cat and could not cause broader economic consequences. The dollar has fallen. The S&P 500 index rose by about 1% after Qatar announced its objection to Iranian attacks – without any injuries. West -texas -Inintermediate rough dropped below $ 70, as Iran’s reaction reduced the fear that the conflict could immediately disrupt the supplies from the Middle East. With the low energy prices, concerns about an imminent threat of inflation have decreased, as revenue from the mortgage has decreased after Federal Reserve Governor Michelle Bowman indicated his support for a possible reduction in interest rates in July. Although the details are still rare at this stage, Wall Street’s message is clear: Early evidence indicates that the Iranian answer is a judge to send a revenge message, while reducing the risk of escalation on a larger scale. The judiciary, in turn, can reduce the possibility of a larger shock in the supply chain. “Despite the main headlines of concerns, we do not see an increase in oil prices or geopolitical tensions in the markets, as the fear of the spread of conflict is still low,” said Tom Jesse of the Sevins report. He added: “Unless investors are afraid of the spread of the conflict and the invasion of the entire region and oil supplies significantly reduced, the escalation of geopolitical tension will not be a significant negative factor in this market.” The Middle East represents about a third of the global production of crude oil, but there is no evidence for the actual oil flow, including shipping through the street of hormuz. Since the commencement of the Israeli attacks, there have been indications that Iranian oil shatters have risen from the Gulf instead of decreasing.