The Dow Jones biggest crash sent shockwaves across Wall Street today. The Dow Jones Industrial Average plunged 1,212 points, down 2.30%, its first 1,000-point drop since April 2025. The US stock market selloff followed an 8% surge in oil prices after Iran threatened to disrupt the Strait of Hormuz. Brent crude neared $84. WTI crude topped $77. Rising oil prices sparked fresh inflation fears and pushed Treasury yields higher. Investors quickly dumped blue-chip stocks. Surprisingly, gold prices fell over 5% and silver crashed more than 10% as traders raised cash. Markets are reacting to war risk, inflation pressure, and delayed Federal Reserve rate cut expectations.
