Nasdaq Sinks and Oil Rallies as Trump Rejects Iran's Hormuz Plan

Key Facts

1US President Donald Trump rejected a proposal from Iran regarding the Strait of Hormuz, triggering a surge in oil prices.

2MongoDB shares tumbled 18% amid a broader Nasdaq 100 decline and Treasury yields hitting a 19-year high.

US President Donald Trump rejected a proposal from Iran regarding the Strait of Hormuz, triggering a surge in oil prices. Benzinga reported that MongoDB shares tumbled 18% amid a broader Nasdaq 100 decline and Treasury yields hitting a 19-year high.

MDB closed at $410.44 on September 25, 2026, while NDAQ closed at $93.55 on the same date. These market movements follow increased concerns over global energy supplies and risk appetite stemming from tensions in the critical maritime chokepoint.