US Keeps Markets Open Amid Iran-Driven Selloff

U.S. equity markets remained open today while tension linked to Iran and the Strait of Hormuz pushed oil higher and triggered a broad selloff: the Dow fell 1.70% (−831.86) to 48,072.92, the S&P 500 lost 1.61% to 6,771.14, and the Nasdaq declined 1.69% to 22,363.32. Unlike the UAE, which closed trading to limit volatility, U.S. exchanges reflected real-time repricing of inflation and Treasury-yield risk, raising the VIX and pressuring cyclical sectors.