Wall Street slides as oil prices approach 100 dollars
US stocks fell Thursday as Iranian tanker strikes pushed oil toward 100 dollars. Investors fled to safety while energy shares rose on supply disruption fears.
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Major stock indices in the United States experienced a significant downturn on Thursday as escalating conflict involving Iran sent crude oil prices soaring. The market's retreat was fueled by Iranian strikes on two oil tankers, pushing Brent crude futures toward $100 per barrel and intensifying global inflation concerns. All three major indexes slid more than 1% in a broad selloff, with energy and defensive stocks being the only sectors to resist the downward trend.
