US Strikes at Iran: Oil Prices Soar as Stocks Plunge
Oil prices surged on Monday after the US launched its first military action against Iran in a month. The move came as the US hit Iranian sites in the Strait of Hormuz.
The S&P 500 index fell 0.3% while the Dow Jones Industrial Average dropped 0.7%. The Nasdaq composite slipped 0.1%.
Specialists Dilip Patel and Robert Charmak worked on the floor of the New York Stock Exchange on August 27, 2026.