Dow Plunges 600 Points as Oil Surges After Iran Tanker Strike; Strait of Hormuz Watched

• Dow Jones Industrial Average fell 601 points (1.2%), S&P 500 declined 0.5%, and Nasdaq Composite slipped 0.2%.
• Oil prices surged: WTI crude rose 5% to over $78/barrel, Brent crude climbed 3% to above $84/barrel.
• Energy markets moved higher after Iran claimed a missile strike on an oil tanker.
• Investors monitor the Strait of Hormuz, a key maritime passage handling 20% of global oil supply, amid tensions.
• President Trump offered risk insurance and security escorts for ships; Defense Secretary Hegseth confirmed US troop deployment to the region.