Wall Street drops as oil rises after Trump's Iran rejection

Wall Street indices declined after Trump rejected an Iranian peace proposal, leading to an increase in oil prices to around $107 per barrel and raising inflation concerns. US bond yields also rose to levels not seen in decades. Analysts indicated that the rise in energy prices could prompt the Federal Reserve to raise interest rates again. Meanwhile, shares of major companies like Tesla and Meta fell, and the markets experienced uncertain movements following the US-China summit results. Investors are now focusing on upcoming significant economic data.

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