Israel’s Fight With Iran Spreads to Energy Sector
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Stock futures decline before Monday's session as the escalating conflict between Israel and Iran spiked oil prices and raised investors' concerns about the global economy. Dow Jones Industrial Average futures shed 184 points, or 0.4%. S&P 500 futures lost 0.4%, while Nasdaq 100 futures dropped 0.4%.
Iran has partially suspended gas production at the world's biggest gas field after an Israeli strike caused a fire there on Saturday, the semi-official Tasnim news agency reported, in what would be the first Israeli strike on Iran's oil and gas sector.