Commodities
Dow Plunges as Middle East Deal Uncertainty Sinks Oil Prices
The Dow Jones Industrial Average has fallen due to rising oil prices caused by uncertainty over a potential Middle East deal to reopen the Strait of Hormuz.
Crude oil price rose to $79.30 per barrel on August 10, 2026, up 1.43%, as negotiations between Iran, Oman, and the U.S. remained stalled.
The recent developments mark a sharp reversal from early August when hopes for a breakthrough sent oil prices lower and lifted stocks.