{"id":138965,"title":"Wall Street Slides as Renewed US-Iran Tensions Drive Oil Higher","publisher":"Share Talk","author":"sharetalk","published":"2026-07-29T14:57:03+00:00","modified":"2026-07-29T14:57:03+00:00","canonical_url":"https://www.share-talk.com/wall-street-slides-as-renewed-us-iran-tensions-drive-oil-higher/","markdown_url":"https://www.share-talk.com/wall-street-slides-as-renewed-us-iran-tensions-drive-oil-higher.md","json_url":"https://www.share-talk.com/wall-street-slides-as-renewed-us-iran-tensions-drive-oil-higher.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["Asia","Bangkok","Denmark","Endeavour Mining","Fed","Federal Reserve","Finland","FRANCE","FTSE 100","GERMANY","Glencore","Greenland plan","Hong kong","Japan","London","Manila","mining stocks","Mumbai","Nasdaq Composite","NATO alliance","Netherlands","Nikkei 225","Norway","S&P 500","shanghai","Singapore","Sweden","Sydney","Taiwan","UK","United States","Wall Street","Wellington"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/03/Wall-Street-27-march.webp?fit=1920%2C1536&quality=80&ssl=1","format":"news","language":"en-GB","content":"US stocks opened sharply lower on Wednesday as renewed tensions between the **US and Iran** weighed on risk appetite and sent oil prices higher.\n\nThe **Dow Jones Industrial Average** fell **611 points**, or **1.16%**, to **52,136** in early trading.\n\nThe **S&P 500** dropped **0.4%** to **7,400**, while the technology-heavy **Nasdaq Composite** declined **0.5%** to **24,763**.\n\nChip stocks remained under pressure, although losses were less severe than during the previous session. **SanDisk** fell **3%**, **Advanced Micro Devices** dropped **1.7%,** and **Micron Technology** slipped **0.7%**.\n\n**Western Digital** bucked the trend, rising **1.2%**.\n\nMarkets are contending with two major sources of volatility this week: continued weakness in artificial intelligence and semiconductor shares, and a sharp rise in energy prices following the renewed escalation in the Middle East.\n\n**Brent crude** surged **6.7%** to **US$89.68 a barrel**, reviving concerns that higher energy costs could add to inflationary pressure and complicate the outlook for interest rates."}