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Fortune

Jason Ma, Amanda Gerut

Dow futures fall 350 points on U.S.-Iran conflict, but oil prices pare gains as Trump hints at sanctions relief for new leadership

Dow Oil Iran OPEC Strait of Hormuz Alan Gelder United States

(Credit: TIMOTHY A. CLARY / AFP via Getty Images)

U.S. stock futures pointed to a risk-off trade Sunday evening as investors reacted to the U.S.-Israeli bombardment of Iran over the weekend.

The selloff comes after President Donald Trump warned more casualties are likely from Operation Epic Fury, joining the first ones reported, while the FBI is investigating a mass shooting last night in Texas as potential terrorism.

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