Dow Jones drops 692 points amid Iran conflict and Canadian tariffs
On Tuesday, the US Dow Jones index saw an intraday decline of more than 692 points, with losses hovering near 550 points when the report was filed. The downturn follows a spike in oil prices toward $100 per barrel, triggered by the intensifying conflict between the US and Iran, alongside attacks by Iran-supported Houthis on Saudi Arabian energy facilities. Furthermore, new Canadian tariffs on $20 billion worth of American products have officially taken hold.