Day 12 of Iran War, New York stock market fluctuates and closes... Concerns over rising oil prices persist

TechubNews

2026-03-12 00:05:32

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The Iran war enters its 12th day, with the New York stock market closing mixed. Concerns over rising oil prices triggered by the conflict continue to disrupt the market.

The Dow Jones Industrial Average fell 289.24 points to close at 47,417.27. The S&P 500 also declined slightly, while the Nasdaq rose modestly, showing a mixed performance. Meanwhile, the international benchmark Brent crude oil price rose to $91.98 per barrel, up 4.8% from the previous trading day.

Fears of a prolonged war persist. Iran’s military attacks on ships have heightened tensions in the Strait of Hormuz, and issues of unstable energy supplies remain. Although the International Energy Agency has taken steps to release emergency reserves into the market, some analysts believe the scale is insufficient.

President Donald Trump mentioned that the war could end soon, but market unease has not eased easily. Analysts warn that even strategic reserve releases may not quell fears, and rising oil prices could ultimately negatively impact corporate profits and stock market valuations.

This situation is increasing market volatility, and concerns related to oil prices are likely to persist in the future. The progression of the war will greatly influence the outlook for financial markets and the global economy. This remains a significant challenge for investors.

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