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Wall St closes mixed on ramped-up Middle East tensions

Crude prices fell over 11% after Iran threatened to block oil exports amid U.S.-Israeli strikes, raising concerns of stagflation and inflation, while tech stocks showed gains, analysts said.

  • On March 10, 2026, U.S. stocks lost steam and closed mixed as investors weighed fading hopes for an earlier-than-expected end to the U.S.-Israeli war on Iran, with the S&P 500 down 14.44 points and the Dow falling 36.66 points.
  • Reports showed Iran deploying mines in the Strait of Hormuz, prompting Iran's Revolutionary Guards to threaten blocking oil exports until attacks cease, while U.S. Defense Secretary Pete Hegseth warned Tuesday would be the most intense day of strikes.
  • Front-Month crude futures plunged, then reversed as U.S. and Brent front-month crude futures settled down over 11%, while Energy Secretary Chris Wright said the U.S. Navy escorted a tanker through the Strait of Hormuz.
  • The conflict pushed crude higher, stoking stagflation fears as chipmakers Nvidia, SanDisk and Western Digital gained while health insurer Centene plunged after reaffirming its 2026 forecast.
  • Iran's blockade threat and oil swings suggest prolonged volatility as markets weighed fading hopes for an earlier end to the U.S.-Israeli war on Iran amid renewed military threats.
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Indices on the New York Stock Exchange closed mixed today, with investors cautiously monitoring the latest geopolitical developments, reports the French news agency AFP.

The Detroit NewsThe Detroit News
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The Straits TimesThe Straits Times
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Wall Street closes mixed on ramped-up Middle East tensions

U.S. stocks lost steam on Tuesday, giving up early gains to skid into negative territory.

·Detroit, United States
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Reuters broke the news in United Kingdom on Tuesday, March 10, 2026.
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