Baku (Commerce Desk): The U.S. stock market suffered steep losses after new airstrikes by Israeli and American aircraft on Iran, raising fears of a prolonged regional conflict.
The Dow Jones Industrial Average fell by more than 2%, losing over 1,100 points, according to News.az citing international media. The S&P 500 and Nasdaq Composite also dropped more than 2%, while oil prices rose amid concerns over potential supply disruptions.
The wave of strikes led by Israel shook the markets that had partially recovered from initial U.S.-Iran tensions on Monday. Earlier, major U.S. indices had rebounded from steep intraday losses, aided by investor buying efforts, but the new attacks triggered renewed volatility.
