Stocks sink amid renewed US‑Iran ceasefire fears
Equity markets dropped as renewed Middle East tensions raised doubts about a fragile US‑Iran ceasefire and the reopening of the Strait of Hormuz.
Stocks sank Tuesday with a fresh spike in Middle East tensions fanning fears over the fragile US‑Iran ceasefire. The two sides appeared to be no closer to a deal to reopen the Strait of Hormuz, weighing on investor sentiment.