1 revisions for "Oil at $114, Dow Down 445 Points: Inside the Market Shock as Iran's Ceasefire Unravels"
Iran's missile strikes on the UAE on May 4 shattered a fragile month-old ceasefire, sending Brent crude above $114 per barrel and the Dow Jones Industrial Average down 445 points. The sell-off exposed deep fissures in global energy security — with the Strait of Hormuz effectively closed to commercial traffic, OPEC fractured by the UAE's exit, and the Federal Reserve caught between rising inflation and slowing growth.