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U.S. Markets Plummet Amid Iran War Economic Fears

3/13/2026

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Summary

Story summary

U.S. stock markets fell as escalating economic risks from the war in Iran intensified.
The Dow Jones Industrial Average dropped 1.6%, down 739 points.
The S&P 500 declined 1.5% and the Nasdaq 1.8%, with the Nasdaq 7% below its recent peak.
Brent crude rose 9.2% to $100.46 per barrel, the largest one-day gain since May 2020.
Investors worry about prolonged economic pain as the conflict continues.

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Story summary

U.S. stock markets fell as escalating economic risks from the war in Iran intensified.
The Dow Jones Industrial Average dropped 1.6%, down 739 points.
The S&P 500 declined 1.5% and the Nasdaq 1.8%, with the Nasdaq 7% below its recent peak.
Brent crude rose 9.2% to $100.46 per barrel, the largest one-day gain since May 2020.
Investors worry about prolonged economic pain as the conflict continues.