Dow falls 300 points, oil jumps above $110 as Trump’s new Iran deadline fails to soothe investors
By Taylor Herzlich
Published on March 27, 2026.
US stocks fell Friday morning as oil prices jumped above $110 a barrel and President Trump's extended deadline for Iran to open the Strait of Hormuz failed to impress investors. The Dow Jones Industrial Average fell by 0.7%, while the S&P 500 and Nasdaq fell by just 0.9%. The Nasdaq Composite entered correction territory on Thursday after a drop of more than 10% but less than 20%. The Dow is also nearing correction territory, down more than 9% off its all-time high in February, and the SEC is about 7% below its record. Analysts have warned that Iranian attacks on energy facilities in Saudi Arabia and Qatar could keep energy prices elevated even if the war ends soon.
Related Articles
Bahrain aluminum giant says Iranian attack targeted its facility
Aluminium Bahrain reported significant damage to its facility from an Iranian attack, amid ongoing supply disruptions and global economic uncertainty.
A battle over school funding in Medina County could set the stage for the rest of Ohio
Medina County's budget commission faces legal challenges over potential property tax increases, potentially leading to widespread budget cuts across Ohio.
5 Cuyahoga County school districts asking voters for money in May: What each wants
Five Cuyahoga County school districts seek voter approval for tax increases and income taxes to fund operations amid funding challenges and rising costs.