Stocks on the US stock exchange plummeted in response to a sudden spike in oil prices, which occurred shortly after US President Donald Trump delivered a prime-time address from the White House on Thursday evening.
Approximately half an hour into trading, the Dow Jones Industrial Average had dropped by 1.0 percent, reaching a value of 46,108.16.
The S&P 500, a widely diversified index, declined by 0.9 percent, settling at 6,516.01, while the tech-heavy Nasdaq Composite Index lost 1.3 percent, closing at 21,556.30.
In a televised address from the White House on Wednesday, Trump stated that the US was nearing its goals but cautioned that further military action could propel Iran into a state of severe economic and social regression.
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