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Financial Markets Plummet Amid Ongoing Iran Conflict and Rising Energy Prices

KVIA•Friday, March 20, 2026 at 8:03 PM•CNN Newsource

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US financial markets are experiencing significant downturns as the ongoing conflict in Iran continues to impact global economic stability. Major indices like the Dow and S&P 500 saw declines of 0.96% and 1.51%, respectively, with the Russell 2000 index entering correction territory. Investors are reacting to rising oil prices, which have surged to their highest levels since July 2022, and the potential for increased US military involvement in the region. Additionally, gold prices fell over 10% this week, marking its worst performance since 1983. This financial turmoil raises concerns about inflation and the future direction of interest rates, complicating the outlook for investors.

Key Details: • Dow Jones fell 444 points, closing down 0.96% • S&P 500 decreased by 1.51%, while Nasdaq dropped 2.01% • Brent crude oil prices reached $112.19 per barrel, the highest since July 2022 • Gold prices fell over 10% this week, the worst week since 1983 • 10-year US Treasury yield rose to 4.39%, impacting mortgage rates

gold iran inflation stocks bonds

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