Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Julia Kollewe and Graeme Wearden in London and Lauren Aratani in New York

Stock markets slump amid Iran war as gas prices jump 30% to three-year high

Oil Iran Stock Market Rachel Reeves United Kingdom South Korea Japan United States
South Korean dealers work in front of monitors at the Hana Bank in Seoul
Dealers work in front of monitors at the Hana Bank in Seoul. South Korea’s Kospi index fell on Tuesday. Photograph: Jeon Heon-Kyun/EPA

The war in the Middle East has plunged financial markets around the world into turmoil for a second day, with oil and gas prices surging and share indices plummeting days after the US-Israel attack on Iran.

After a calm Monday, US stocks fell sharply after trading opened on Tuesday, with the Dow dropping more than 2% before paring back those losses. At Tuesday’s closing, the Dow had dropped 400 points, or 0.8%, while S&P and Nasdaq saw similar dips.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Kourtney Kardashian had fiery response to that viral Jennifer Lawrence video
Kourtney Kardashian was furious after seeing a video of Jennifer Lawrence calling her "more annoying than ever".
BANG Premier
BANG Premier
Freddie Jackson, romantic US singer with 10 R&B chart-toppers, dies aged 70
Celebrated for his earnest, dextrous voice, Jackson crossed into the pop charts with the hits Rock Me Tonight (For Old Times Sake) and You Are My Lady
The Guardian - UK
The Guardian - UK
Fashion designer sued after allegedly ditching jeweler’s creations from Met Gala celebrity outfits
Exclusive: ‘At least the judge and jury will get a chance to see’ Julian Polak’s designs, the celebrated jeweler’s attorney told The Independent
The Independent UK
The Independent UK
Country Singer Ella Langley Faces Social Media Backlash as Old Alabama Hunting Photos Resurface
Country singer Ella Langley is facing online criticism after photographs showing her with hunted animals resurfaced, although there is no indication the controversy has affected her music or touring plans.
International Business Times UK
International Business Times UK
Travis Barker reveals reason for hospital visit
Travis Barker shared photos from hospital, where his wife, Kourtney Kardashian, and daughter, Alabama Barker, were by his side, on Tuesday (06.10.26).
BANG Premier
BANG Premier
George Clooney ‘planning to open Italian restaurant in France’
The Oscar-winning actor is said to be preparing to open the eaterie near the Provençal estate where his family have established their home in France.
BANG Premier
BANG Premier
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play