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Stocks tumble as Iran war fears grow

CBS News · 30 days ago
CBS News
CBS News
30 days ago

The Dow took a tumble on Day 4 of the Iran war, as oil prices rise. CBS News' Kelly O'Grady breaks down the latest data.

Breakdown
  • Dow drops 830 points as oil prices surge 9% to $84 per barrel 3s
  • Iranian strikes and Strait of Hormuz instability disrupt oil supply 27s
  • Super tanker costs hit record highs; insurers drop war risk coverage 35s
  • US plans energy relief, including boosting oil production and reserves 2m 8s
  • China faces higher oil costs due to loss of sanctioned Iranian and Venezuelan oil 3m 11s
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