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Oil Surges, Iran War Intensifies as US Stocks Continue Sharp Decline

Oil Surges, Iran War Intensifies as US Stocks Continue Sharp Decline

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2026-03-12 16:23:26

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US Stocks Continue to Fall as Oil Surges, Iran War Intensifies

U.S. equity markets plunged Thursday as escalating Middle East hostilities and a surge in crude oil above $100 a barrel rattled investors. The Dow Jones Industrial Average (^DJI) led the selloff, plummeting over 500 points (1.2%), with the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) each falling roughly 0.8% amid fears that sustained conflict and soaring energy costs will further pressure the economy and consumer spending.

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