As the U.S. gears up for a potential ground war in Iran, $100 oil threatens 'demand destruction'

Oil declined to $109 per barrel after Israel’s Benjamin Netanyahu said his forces would no longer target Iran’s energy infrastructure. Netanyahu also said Iran’s ability to enrich uranium had been destroyed—a key war goal. “This war [is] ending a lot faster than people think,” he said. S&P 500 futures were down 0.71% this morning prior to the open in New York. The index fell 0.27% yesterday. Markets in Asia were largely down this morning, again, with the exception of India’s Nifty 50 (up 0.49%) and South Ko ...