The Clinton Herald, Clinton, Iowa

Business & Technology

August 28, 2013

Tensions with Syria sink U.S. and European stocks

NEW YORK (AP) — Fears of an escalating conflict in Syria rippled across financial markets on Tuesday, lowering stocks, lifting gold and pushing the price of oil to a two-year high.

A day after Secretary of State John Kerry said there was “undeniable” evidence of a large-scale chemical attack in Syria, tensions between the U.S. and the regime of Bashar Assad mounted. Defense Secretary Chuck Hegel said Tuesday the U.S. military was ready to strike if President Barrack Obama gave the order. Syria’s foreign minister said his country would defend itself.

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