The Dow Jones Industrial Average plummeted 790 points as ongoing conflict between the United States and Iran continues to disrupt global oil supplies and trigger widespread market instability.

Key points

• The Dow Jones Industrial Average fell 1.7%, while the S&P 500 and Nasdaq declined by 1.6% and 2.1% respectively.
• Global oil prices reached $113 per barrel, representing a 61% increase since the conflict began one month ago.
• Iran maintains a blockade of the Strait of Hormuz, which handles approximately 20% of the world's crude oil and natural gas supply.
• President Donald Trump postponed planned attacks on Iranian power plants until April 6 to avoid further escalation.
• The 10-year Treasury bond yield rose to 4.45%, reflecting investor concerns regarding inflation and economic instability.
• International Energy Agency executive director Fatih Birol stated the current energy crisis has surpassed the impact of the 1970s oil shocks.

The ongoing blockade and rising energy costs pose a significant threat to the global economy by fueling inflation and increasing market volatility. Investors are closely monitoring the situation as the potential for further infrastructure damage threatens to disrupt international energy security.