India, Aug. 20 -- The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move back to the downside following the modest rebound seen in the previous session.
The downward momentum on Wall Street comes as the price of crude oil is soaring amid concerns about the conflict in the Middle East following President Donald Trump's latest threats.
In a post on Truth Social, Trump announced he is launching "economic warfare" against Iran, calling it the "most crushing economic operation ever taken against any country."
Trump also warned of "tremendous economic consequences" for any country that "allows its financial institutions, businesses, airports, or government entities to provide any type of lif...