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The Economic Times
The Economic Times
Business

US futures tumble as Trump says Iran deal is 'over'; oil climbs

U.S. stock index futures slid sharply on Wednesday, with Nasdaq futures touching a four-week low after President Donald Trump said a memorandum of ‌understanding aimed at ⁠ending ⁠the war with Iran was "over", sending oil prices rising.

Speaking in Ankara ahead of a ​NATO summit in the Turkish capital, the U.S. president said he had no interest ​in engaging further with Iran, deepening investor concerns over renewed escalation in the Middle East and marking the latest blow to the fragile ceasefire ​between Washington and Tehran.

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