safety
Wall Street heading for losses as oil prices spike on US-Iran escalation
Summary by The San Antonio Editorial Desk · Based on reporting by Yuri Kageyama, Associated Press , KSAT 12 (ABC affiliate)
· July 22, 2026
· 3 min read
Stock futures on Wall Street declined Wednesday and oil prices jumped 4% as the United States and Iran exchanged fire across the Middle East. Futures for the S&P 500 fell 0.4% before the opening bell, while futures for the Dow Jones Industrial Average ticked down 0.2%. Nasdaq futures slipped 0.9%...
Story provenance No corrections
Summary created by The San Antonio Editorial Desk — automated, rule-governed Original reporting Yuri Kageyama, Associated Press, KSAT 12 (ABC affiliate) Original story Read at the source Source published Jul 22, 2026 Indexed here Jul 22, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway 4% before the opening bell, while futures for the Dow Jones Industrial Average ticked down 0.
Why this matters in The San Antonio
San Antonio's economy, heavily reliant on trade and commerce, is closely tied to global market trends. The recent fluctuations in Asian shares and rising oil prices may have a ripple effect on local businesses, particularly those involved in international trade. As Japan's imports and exports rose, the weakening yen could impact San Antonio's own export-driven industries, such as manufacturing and technology. Furthermore, the increase in oil prices could lead to higher inflation, affecting the cost of living for San Antonio residents and potentially slowing down the local economy. The Federal Reserve's potential response to rising inflation, including raising interest rates, could also have implications for San Antonio's housing market and small businesses. As the global economy continues to evolve, San Antonio businesses and residents should be aware of these trends and their potential impact on the local economy.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: safety ·
Published: July 22, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 3 min
Frequently asked about this story
What is this story about? Stock futures on Wall Street declined Wednesday and oil prices jumped 4% as the United States and Iran exchanged fire across the Middle East. Futures for the S&P 500 fell 0.4% before the opening bell, while futures for the Dow Jones Industrial Average ticked down 0.2%. Nasdaq futures slipped 0.9%...
When was this published? This article was first published on July 22, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Yuri Kageyama, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The San Antonio, or browse our daily briefing and topic hubs .
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