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Dow Jones Tumbles 600 Points On Strait Of Hormuz Tensions And Private Credit Jitters, Support At 46,660 Is Key

By Seeking Alpha March 12, 2026 Bearish
Dow Jones Tumbles 600 Points On Strait Of Hormuz Tensions And Private Credit Jitters, Support At 46,660 Is Key
Major US stock indexes slid 1% due to a volatile combination of escalating geopolitical instability in the Middle East and mounting jitters within the $2 trillion private credit market. Crude oil prices surged toward $100 per barrel after tanker attacks in Iraqi waters and Iranian threats to keep the Strait of Hormuz closed.
Major US stock indexes slid 1% due to a volatile combination of escalating geopolitical instability in the Middle East and mounting jitters within the $2 trillion private credit market. Crude oil prices surged toward $100 per barrel after tanker attacks in Iraqi waters and Iranian threats to keep the Strait of Hormuz closed.