Business · 3 March 2026
Global Markets Crash as War Fears Hammer Stocks and Oil
Photo by Yashowardhan Singh on Unsplash
The Dow Jones plunged over 1,200 points before partially recovering after Trump's tanker escort announcement, closing down 301 points. The pan-European Stoxx 600 fell 3.2 percent with banks and insurers hit hardest. South Korea's Kospi suffered its worst session in two years, dropping 7.2 percent. Brent crude settled above $81 per barrel. Oil supertanker rates from the Middle East to China hit an all-time record of $423,736 per day.
Reported by CNBC · How we write briefs