U.S. stocks slide as Trump rejects Iran Strait of Hormuz proposal; WTI settles at $93.16

AI Market Summary
Equities sold off as Middle East tensions flared after Trump rejected an Iran proposal tied to the Strait of Hormuz, lifting WTI to $93.16 and reinforcing energy-supply risk. Treasury yields hit fresh 52-week highs, tightening financial conditions and weighing on broader risk appetite. Tech headlines were mixed: Nvidia expanded buybacks, but AI-agent security concerns pressured several semiconductor names, adding to volatility.
Impact level
● High
Affected assets
NCCO1OILWTI2USD/USDT-1.27%
AI Insight · NCCO1OILWTI2USD/USDTAI Insight
▼ Bearish
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Middle East tensions weighed on risk sentiment as the U.S.-Iran standoff persisted, after President Donald Trump said Iran’s proposal was unacceptable. Front-month WTI crude futures rose 0.8% to $93.16 a barrel. Treasury yields climbed across the curve, with the 2-year yield hitting a 52-week high. U.S. stocks closed lower, with the Dow down 0.7%, the S&P 500 down 0.8%, and the Nasdaq down 0.9%.