Dow Falls as Oil Rises After Trump Says Iran Attacks Will Continue

U.S. stocks fell Wednesday as renewed tensions between the U.S. and Iran pushed oil prices higher and drove investors toward safer assets. The Dow Jones Industrial Average dropped about 500 points at one stage, while airline and cruise shares slid on concerns that higher fuel costs could squeeze margins and reduce travel demand. Energy stocks moved higher, helped by the jump in crude prices. Markets also reacted to the Federal Reserve’s June meeting minutes, which showed policymakers remain divided on the next move for interest rates. In Europe and Asia, major stock indexes also declined as investors weighed the impact of the Middle East conflict on inflation, bond yields and global growth.