Oil Prices Rise as U.S. Stocks Dip

Oil prices are rising, and U.S. stocks are falling Tuesday, but the moves are not as dramatic as the dire talk coming from both sides in the war with Iran. 

President Donald Trump threatened that a "whole civilization will die tonight, never to be brought back again," if Iran does not meet his latest self-imposed deadline at 8 p.m. EDT to open the Strait of Hormuz. Iranian officials, meanwhile, urged young people to form human chains to protect power plants that Trump has threatened to bomb.

But the S&P 500 slipped just 0.5 percent as officials involved in diplomatic efforts said talks were ongoing, even though it was unclear if a deal would come in time to head off Trump’s threatened attacks. The Dow Jones Industrial Average was down 271 points, or 0.6 percent, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.6 percent lower.

Please select this link to read the complete article from The Associated Press.