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EN590 Commodities GroupMarket Analysis 2026-08-24T17:41:39+00:00
US stocks mostly slipped after Treasury Secretary Scott Bessent announced "Operation Economic Outcast" — a series of expanded sanctions aimed at squeezing Iran. The S&P 500 (^GSPC) declined by 0.3%, and the tech-heavy Nasdaq Composite (^IXIC) dropped 0.6%. The Dow Jones Industrial Average (^DJI) rose by 0.2% as the lone index in the green after the major indexes posted weekly declines. Stocks were little changed after Bessent outlined a plan to "sever every economic lifeline" to Iran and isolate the nation. In a press conference on Monday afternoon, Bessent detailed expanded sanctions on Iran and on any country that deals economically with it, stating that countries with ties to the regime will be "removed from the US dollar system." That raised questions about the US's already tenuous rel
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