US stocks closed with sharp declines, and the Dow Jones lost 740 points
US stocks came under severe pressure today, Thursday, as oil prices continued to rise as a result of fears of supply disruptions in light of the ongoing war with Iran.
The Wall Street" Today there is a sell-off, as shares of banks and technology companies fell. And he drove a bank "Morgan Stanley" The financial sector fell after it imposed a cap on withdrawals from private credit funds.
Energy stocks, including Chevron and Exxon Mobil, were among the few that rose.
In a separate context, Crude oil prices rose after the new Iranian Supreme Leader, Mojtaba Khamenei, stated the need to keep the Strait of Hormuz closed "As a tool to pressure the enemy"
West Texas Intermediate crude futures rose by 9.72% to settle at $95.73 per barrel, while Brent crude futures jumped by 9.22% to settle at $100.46 per barrel, recording their first close above $100 since August 2022.
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