Mar 12, 2026
negativeBrent Crude Surges Past $96 as Iran Mines Strait of Hormuz, S&P 500 Extends Losses
Brent crude climbed above $96 a barrel Thursday as Iran's new supreme leader signaled no intention of reopening the Strait of Hormuz, with U.S. forces confirming Tehran is actively mining the waterway. The S&P 500 lost 1.3%, falling to its lowest level since November, as stagflation fears intensified across equity, credit, and currency markets.







