Global Economy & Energy — 2026-03-28
Dow Enters Correction as Brent Crude Surges Past $112 on Iran War Fears
The Dow fell 793 points (1.73%) to 45,167, entering correction territory, while the S&P 500 dropped 1.67% to a seven-month low and the Nasdaq lost 2.15%. Brent crude settled at $112.57/bbl (+4.22%), its highest since July 2022, after
Analysis
Prior cycle reported the S&P's fifth consecutive weekly decline. The Dow entering correction territory confirms the transition from volatility to structural repricing. Brent at $112.57, up from $106 reported last cycle, is now pricing in extended conflict rather than near-term resolution, contradicting the diplomatic optimism in Trump's energy pause announcement.
Prior cycle reported the S&P's fifth consecutive weekly decline. The Dow entering correction territory confirms the transition from volatility to structural repricing. Brent at $112.57, up from $106 reported last cycle, is now pricing in extended conflict rather than near-term resolution, contradicting the diplomatic optimism in Trump's energy pause announcement.