US Stocks Slump and Oil Prices Surge Amid Escalating Washington-Tehran Tensions

Financial markets experienced significant volatility as concerns grew over a potential military conflict between the United States and Iran. The Dow Jones Industrial Average dropped by more than 260 points as investors reacted to the heightened geopolitical risks by offloading equities. Conversely, oil prices surged significantly due to fears of potential disruptions to global energy supplies originating from the Middle East. These market movements reflect a dominant "risk-off" sentiment on Wall Street, which also boosted safe-haven assets such as gold (XAU/USD). Analysts are closely monitoring the situation for any further escalation that could trigger additional selling pressure on major stock indices. Markets remain on high alert for diplomatic or military developments that will likely dictate trading directions in the coming sessions.