Oil prices surge as reports emerge of Iranian strike on U.S. Navy vessel near Hormuz
Wall Street futures fell and oil prices jumped after conflicting reports that Iran struck a U.S. Navy vessel outside the Strait of Hormuz. S&P 500 futures were down 0.2%, the Dow fell 0.5%, while oil prices rose as much as 5% before settling around a 2% gain, reflecting market nervousness over the alleged attack.
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