President Trump's Strait of Hormuz Blockade Pushed the S&P 500 Down 0.79%
Higher volatility could present buying opportunities.
Overview
The Iran war heated up again in July after a brief respite from the hostilities. Naturally, equity and oil markets have been volatile.
For instance, the S&P 500 (SNPINDEX: ^GSPC) index lost 0.8% in one day in mid-July following President Donald Trump's announcement that the U.S. would renew a blockage of Iranian ships through the Straight of Hormuz.
Details
Given the administration's rapidly shifting statements and policies, it's difficult to predict geopolitical and economic events. Still, short-term movements shouldn't concern investors with long-term horizons.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.