The Federal Reserve, despite pressure from President Trump, left interest rates unchanged. Oil ticked higher as tensions between Iran, Israel and the U.S. intensified. FOX Business is providing real-time updates on the markets,

U.S. stocks slumped under the weight of a jump for the price of oil. The S&P 500 fell 0.8% Tuesday following signals that Israel’s conflict with Iran may be worsening and that one of the U.S. economy’s main engines is weakening.