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US stock futures declined after President Donald Trump indicated that the Iran war in the Middle East would continue for more weeks.

Futures tied to the Dow Jones Industrial Average dropped 352 points, or about 0.8%, while S&P 500 futures declined 0.8%. Nasdaq 100 futures plunged 1%.

US President Donald Trump said that the US was going to “hit” Iran “extremely hard” in the next 2-3 weeks. In a televised address outlining the latest updates in the war with Iran, Trump said US forces will “finish the job” in Iran soon as “core strategic objectives are nearing completion.”

“Over the next two to three weeks, we’re going to bring them back to the stone ages where they belong,” the president said.

US stock futures slipped during Trump’s speech, while crude oil prices jumped. Brent crude futures surged 4.8% to $106.04 per barrel, while US West Texas Intermediate crude futures rallied 4.2% to $104.29 per barrel.

US stock market ended higher on Wednesday, amid signs of an end to the Iran war. The Dow Jones Industrial Average rallied 0.48% to 46,565.74, while the S&P 500 gained 0.72% to end the session at 6,575.32. The Nasdaq closed 1.16% higher at 21,840.95.

Nvidia stock price rose 0.75%, AMD shares gained 3.33%, Alphabet share price advanced 2.79%, while Tesla stock price rallied 2.79%. Intel share price spiked 8.8%, Intuitive Machines shares jumped 9%, Planet Labs stock surged 10%, while Nike shares slumped 15.5%.

(More to come)

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