Middle East Conflict Sends Markets Into Rout
U.S. equity markets plunged on Monday, March 9, 2026, after a Middle East escalation closed the Strait of Hormuz and Brent crude briefly spiked near $120 per barrel, sending the Dow down about 721 points and the S&P 500 down 1.3%. The VIX jumped above 30 as energy-driven inflation and a weak February jobs report raised stagflation concerns. Investors await March 11–12 CPI and PPI data to gauge Fed policy.
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Sources
- Read OriginalOil Shock and Geopolitical Tensions Send Wall Street Reeling as Brent Hits $120stockmarketwatch.com
