Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war
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March 12, 2026 12:35 PM
NEW YORK (AP) — With no clear end in sight, the war with Iran sent oil prices back to $100 per barrel on Thursday, and stocks sank worldwide.
The S&P 500 fell 1.4% and resumed its sharp swings following a couple days of relative calm. The Dow Jones Industrial Average was down 674 points, or 1.3%, with an hour remaining in trading, and the Nasdaq composite was 1.6% lower.
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