Dow slumps 700 points, oil jumps over 6% after Trump vows to give Iran ‘beating’ following surprise attacks
Source: New York Post· Taylor Herzlich· July 29, 2026
Stocks slumped Wednesday morning and oil prices jumped over 6% after President Trump vowed to “beat the f--king s--t out of” Iran – fueling fears of a lasting conflict that could reheat inflation and push the Fed to hike interest rates.
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