The rise in oil pressured Wall Street – Trump threatened to take revenge on Iran

US stock markets fell on Monday as rising oil prices and the escalation of the conflict between the US and Iran weighed on investor sentiment.

At the same time, investors assess whether a diplomatic solution can still stop the expansion of the conflict. Wall Street’s decline was moderated by chip stocks’ attempt to recover from last week’s sharp selloff.

The S&P 500, which broadly tracks large companies, fell 0.19 percent. The technology-focused Nasdaq weakened by 0.05 percent. The flagship Dow Jones index fell by 0.59 percent.

The stock market was weighed down by, for example, Apple, whose share fell by more than two percent.

During the night, the United States carried out attacks on Iran for the ninth consecutive day. According to Bloomberg, the president Donald Trump said Iran would “pay” for the killing of three US soldiers.

However, investors’ mood was supported by the knowledge that brokers have continued to communicate with Iran. According to CNBC, a representative of Iran’s Ministry of Foreign Affairs Esmail Baghai said communications through proxies have continued despite the latest US strikes.

Oil prices rose on Monday. The price of US WTI crude oil was 83 dollars per barrel and the price of Brent reference quality was around 89 dollars per barrel.

The rise in oil prices increased concerns that rising energy costs could accelerate inflation. In the interest rate market, the interest rate on the US 10-year government bond rose to 4.59 percent.

Earnings season shifts to large technology companies this week. Tesla and Alphabet will publish their results on Wednesday. Microsoft, Meta, Apple and Amazon will report the following week.

Network equipment manufacturer on the New York Stock Exchange Nokian depository receipt, or ADR, fell 0.4 percent to $10.08.