Dow Plunges Over 1,000 Points as US Stocks Fall Amid Surging Oil and Iran Tensions

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US Stocks Plunge Over 1,000 Points as Oil Surges Amid Escalating Iran Conflict

Energy prices climb, Treasury yields rise and volatility spikes as conflict enters fourth day.

M

Moneycontrol•03-03-2026, 20:23

US Stocks Plunge Over 1,000 Points as Oil Surges Amid Escalating Iran Conflict

•Dow Jones Industrial Average drops over 1,000 points; S&P 500 and Nasdaq Composite also fall sharply.
•Oil prices surge: Brent crude above $84, West Texas Intermediate crude above $77 per barrel.
•Iran warns of Strait of Hormuz closure; US embassy in Riyadh struck; Hezbollah attacks Tel Aviv.
•President Donald Trump suggests conflict could last over four weeks, raising inflation concerns.
•Broad-based sectoral losses, Blackstone shares drop 7%; European natural gas futures up 70%.

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Sept. 22, 2025. Wall Street traders left stocks hovering near all-time highs amid calls for a break after a $15 trillion rally from April lows, with traders awaiting a handful of Federal Reserve speakers and a key inflation measure. Photographer: Michael Nagle/Bloomberg

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