Market Mayhem Meets Middle East Tensions The Dow plummeted by 1,100 points on Wednesday as bond yields rose following the Federal Reserve's decision to hold interest rates steady.
This decline is largely a result of escalating tensions between the US and Iran. Recent developments suggest that hostilities could escalate into full blown conflict.
Iran launched an "attempted surprise attack" against the US on Tuesday, according to Central Command, causing Brent crude prices to surge over 7% to trade above $90 per barrel.