President Trump turned up the heat on Iran, calling for its Supreme Leader to surrender, stocks slipped further on his comments, as oil continues its climb and silver prices hit a fresh high. FOX Business is providing real-time updates on the markets,

Oil prices initially rose after Iran's supreme leader Ali Khamenei rejected US President Donald Trump's demand for an "unconditional surrender", adding to sharp gains made the previous day. Six days into the conflict, Khamenei warned the United States would face "irreparable damage" if it intervenes in support of Israel.

NEW YORK (AP) — U.S. stocks are nudging lower on Tuesday, and oil prices are rising again. It’s a modest return to form for financial markets after worries had seemed to calm on Wall Street Monday.