Stocks sank on Wall Street Thursday after the price of oil spiked to its highest level since the summer of 2024 because of the war with Iran. The S&P 500 fell 0.6% and erased what had been a small gain for the year so far.

Dow Jones dropped 784 points as oil and gas prices surge in the U.S. amid growing concerns that the war with Iran will cause long-term disruptions to the oil market.

The Dow Jones Industrial Average briefly dropped more than 1,000 points after the price of oil spiked to its highest level since the summer of 2024. The Dow lost as many as 1,160 points Thursday before finishing the day with a drop of 784,

Stocks are back to falling on Wall Street, as oil prices rise further because of the war with Iran. The S&P 500 fell 0.6% Thursday, coming off a frenetic start

Stocks are falling sharply on Wall Street as oil prices rise further because of the war with Iran. The S&P 500 sank 1.3% Thursday, coming off a frenetic start to the week that saw financial markets swerve sharply,

U.S. stocks slid Thursday and the price of oil continued to climb amid ongoing conflict in the Middle East. After a relatively calm trading session on Wednesday, the price of U.S. crude oil shot higher by more than 7% on Thursday.

Renewed retaliatory strikes from Iran are again raising anxiety in U.S. markets, sending futures lower and energy prices higher with prices at the pump jumping overnight.

South Korea's aviation industry is on alert as rising oil prices and a weakening Korean won threaten airline profitability after Iran crisis