Stock market today: Dow, S&P 500, Nasdaq sink as oil swings amid Iran war jitters

Group 1 - US stocks experienced a pullback, with the Dow Jones Industrial Average falling approximately 0.6% and the S&P 500 declining by about 0.9%, while the Nasdaq Composite dropped 1.3% [1][2] - The decline in stock prices is attributed to investor concerns regarding a potential US operation to occupy or blockade Kharg Island, which is crucial for Iran's oil exports, aimed at pressuring Tehran to reopen the Strait of Hormuz [2][4] - Major US stock indices are on track for a fourth consecutive weekly decline, with both the Dow and Nasdaq Composite nearing correction territory [4] Group 2 - Oil prices remain high, with Brent futures trading near $108 per barrel and West Texas Intermediate futures around $96, influenced by ongoing tensions in the Middle East and attacks by Iran on neighboring countries [3] - The volatility in oil prices is expected to persist as markets react to developments in the Middle East conflict, with analysts warning that existing damage will keep prices elevated [3]