Business
Stocks Sell Off as Economic Risks of Iran War Build
The economic risks of the war in Iran are getting real on Wall Street.
U.S. stock indexes tumbled on Thursday, after it became clear to investors that Iran was willing to inflict—and suffer—economic pain as the conflict in the Middle East drags on. The Dow dropped 1.6%, or 739 points, while global oil prices logged their largest one-day percentage gain since the Covid pandemic.
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