Traders ship shares tumbling, Dow plunges 900 factors





The Dow Jones Industrial Average plunged 900 points on Thursday as the war with Iran escalated and oil prices continued to climb.

The Dow fell 908 points, or 1.8%, while S&P 500 dropped 1%. The tech-heavy Nasdaq declined 0.9%.

Investors erased stock gains added a day earlier, resuming market turmoil set off by the U.S.-Israeli attack on Iran over the weekend.

Oil prices jumped as traders feared a prolonged blockade of the Strait of Hormuz, a trading route that facilitates the transport of about one-fifth of global oil supply.

U.S. crude oil prices topped $79 on Thursday, hitting their highest level since June.

This is a developing story. Please check back for updates.



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