Dow Tanks Over 850 Points Amid Escalating US-Iran Tensions
Tensions in the Middle East are escalating after a surprise attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on Tuesday, prompting retaliatory strikes on Iraq.
The Dow Jones Industrial Average plummeted over 850 points as President Donald Trump issued a new warning to Iran, saying the US will be 'hitting them hard' if talks fail.
Crude oil prices surged 6.62% to around $84.51 a barrel in response to the rising tensions, with futures expiring in September seeing the biggest gains.