Dow tumbles 400 points, oil spikes 5% as Iran tensions stoke fear on Wall Street
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Source: New York Post
Published: 2026-05-05 02:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Economy & Finance, Financial Markets, World News, Business & Economy, War & Conflict
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Snippet:
The US stock market pulled back from its record heights Monday, while oil prices jump with uncertainty about when oil tankers can resume crossing the Strait of Hormuz and restore the world’s flow of crude. Escalations in the Middle East are heightening tensions in the war with Iran and may be undermining a ceasefire.
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