US Stock Markets Enter Correction Territory After Trump Issues Ten-day Ultimatum to Iran

Wall Street indexes fell to six-month lows as the Nasdaq and Dow entered correction territory following a ten-day ultimatum issued by Donald Trump to Iran.Crude oil prices surged to $100 per barrel after Tehran rejected peace proposals and maintained the closure of the Strait of Hormuz.Markets now anticipate the Federal Reserve will maintain or raise interest rates as inflation risks mount and consumer sentiment hits a three-month low.
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