Wall Street Falls as Oil Surges on US-Iran Strike Fears

US equities closed lower as Brent crude topped $116, a level not seen since early April, on reports that Washington could strike Iran as early as this weekend. The drop was led by the Dow (-1.23%), with the S&P 500 and Nasdaq also down, reflecting broad risk-off sentiment driven by geopolitical escalation fears. The market reaction underscores the direct transmission of geopolitical risk into energy prices and equity valuations.

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