Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement between the United States and Iran.
The Dow Jones Industrial Average closed down more than 400 points on Tuesday as the U.S.-Israeli war with Iran prompted a selloff.
Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain.
The selloff came in the first trading session since Trump floated the levies.
Stocks closed higher on Monday, shrugging off a dip earlier in the day after reports that the Department of Justice had opened a criminal investigation into Federal Reserve Chair Jerome Powell.
Gold futures traded in New York have soared almost 71% this year, on pace for their best annual gain in 46 years.