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US Stocks Slide as Oil Surge and Iran Tensions Weigh on Markets

US Stocks Slide as Oil Surge and Iran Tensions Weigh on Markets

Author:

Global Cryptocurrency

Published:

2026-03-28 03:47:02

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BTCCSquare news:

Equities extended their slump Friday as geopolitical risks and energy price volatility overshadowed market sentiment. The Nasdaq Composite dropped 1%, deepening its correction, while the S&P 500 posted its fifth consecutive weekly decline—the longest retreat since 2022.

Brent crude's breach above $103/bbl exacerbated risk-off flows, with the VIX fear gauge spiking to 30. Despite President Trump's 10-day extension of Iran strike deadlines to April 6, traders positioned for prolonged Middle East instability. The energy-driven selloff highlights growing macro headwinds for risk assets.

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