Wall Street loses momentum as Trump threatens Iran with military action

Wall Street lost momentum after President Trump threatened Iran, stating it could be 'taken out in one night' if a deal is not reached by Tuesday. The S&P 500 rose 0.3 percent while futures for the ASX indicate a 1.1 percent decline at the open. Oil prices increased, with Brent crude up 0.5 percent to $109.63 per barrel.

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