Past military conflicts in the Middle East have not caused long-term drops for markets, but rising oil prices could have significant effects for a long time.
WASHINGTON D.C., DC — U.S. stocks are slipping Monday, while oil prices leap on worries that war in the Middle East will slow the global flow of crude and make inflation even worse.
Crude prices jumped 6%, which will likely mean higher prices soon at gasoline pumps. That would hurt not only U.S. households, whose spending makes up the bulk of the U.S. economy, but also businesses with big fuel bills.
The S&P 500 slipped 0.3%, with some of
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