Concerns Over Middle East New Front, Dow Falls Over 700 Points

SighingCashier · 2026-03-12T21:01:18+00:00

Middle East tensions are escalating, with tankers in the Persian Gulf coming under attack, causing Brent crude oil prices to break through $100 per barrel. Iran's new leader threatens to continue blocking the Strait of Hormuz, putting pressure on US stocks, with the Dow Jones plummeting over 700 points and the VIX fear index rising sharply.

SighingCashier

2026-03-12 21:01:18

Abstract generation in progress

March 13, 2026

Middle East Opens New Frontlines, Dow Jones Drops Over 700 Points

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Oil tankers and cargo ships in the Persian Gulf are being attacked one after another. Brent crude oil prices have once again surpassed $100 per barrel. Iran’s new Supreme Leader Mojtaba Khamenei has declared that the Strait of Hormuz should remain closed. If the war continues, new frontlines will open. U.S. stocks were significantly pressured on Thursday, with the Dow Jones dropping over 700 points; the so-called “fear index” VIX spiked by 12.3%, reaching 27.22. Private fund redemption restrictions…

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