NY crude oil futures prices temporarily rose to the $87 level; Dow Jones Industrial Average fell sharply. The reason for this is that an attack on the Iranian embassy in Syria, believed to be by Israel, has led to widespread speculation that if the situation in the Middle East becomes tense, it will affect crude oil supplies.
Market sources said, a high-ranking Federal Reserve official reportedly said that there is no need to cut interest rates if the price increase rate continues to be flat, leading to a rise in inflation.