The Dow
By Nick Anderson
Mon, Mar 09, 2026 • 2:20 PM
Global stock markets fell sharply as oil prices surged amid the escalating conflict with Iran, increasing fears of energy supply disruptions. U.S. markets dropped at the opening bell, following losses the previous week, while European and Asian markets also tumbled, especially in energy-dependent economies like Japan, South Korea, and Taiwan. Oil prices climbed above $100 a barrel for the first time in nearly four years after Middle Eastern producers reduced output and the war raised concerns about shipments through the Strait of Hormuz. The spike in energy costs pushed bond yields higher as investors worried about renewed inflation.
