Dow falls 300 points, oil jumps above $110 as Trump's new Iran deadline fails to soothe investors
New York Post·2026-03-27 13:50
US stocks fell Friday morning as oil prices jumped above $110 a barrel and President Trump’s extended deadline for Iran to open the Strait of Hormuz failed to assuage investors. The Dow Jones Industrial Average fell 335 points, or 0.7%, by approximately 9:35 a.m. ET, while the S&P 500 and Nasdaq fell 0.7% and 0.9%, respectively.Brent crude prices jumped 2.6% to $110.82 a barrel, while West Texas Intermediate crude rose the same percentage to $96.93 as Iran maintained its blockade of the strait, a vital mari ...