India, April 13 -- After US-Iran negotiations fell through, geopolitical tensions rose again on Monday, putting pressure on U.S. markets. A failed round of talks in Islamabad, Pakistan, sent a wave of risk-off sentiment through markets around the world. The Dow Jones Industrial Average fell sharply, led by financial stocks and at the same time, crude oil rose above $102 per barrel because people were worried that the Strait of Hormuz would cut off supply. As commodities, currencies and cryptocurrencies became more volatile, investors moved their money from stocks to safer assets.
U.S. Market Snapshot
Dow Jones
Dow Jones fell about 0.45% (215 points) to around 47,701 as US-Iran tensions and rising oil prices above $102 per barrel hi...