Iran War Slams Markets Again: Oil Tops $110, Bonds Sell Off, Nasdaq Deepens Correction
Global stocks slid Friday as Brent crude rose above $110 a barrel and Wall Street opened lower, following President Trump’s extension of the Iran shipping deadline. The Dow fell 450 points Thursday, the S&P 500 lost 1.7%, and the Nasdaq entered correction territory. Bond yields hit multi-year highs, while gold continued its decline. OECD cut its 2026 global growth forecast and raised inflation estimates.