Business
Stock Investors Brace for Possible U.S. Strike in Iran, Send Dow Industrials Falling
Oil prices climbed and the Dow Jones Industrial Average fell more than 260 points Thursday, with investors monitoring the U.S. military buildup in the Middle East ahead of a possible strike on Iran.
The regional deployment of U.S. aircraft and naval ships raises the risk the U.S. could attack Iran’s nuclear program or missile stockpile, or try to topple its regime. Analysts say Iran could close the world’s busiest oil thoroughfare, the Strait of Hormuz, which sees roughly 20 million barrels of petroleum running through it daily, equivalent to almost a fifth of global oil demand.
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