New York Stock Market fluctuates and consolidates due to the aftermath of the Iran war... oil prices continue to soar

The major U.S. stock indices closed with mixed fluctuations amid recent tensions caused by the Iran conflict. Despite the attack on a Thai cargo ship in the Strait of Hormuz leading to a surge in international oil prices, the market remains cautious even after the International Energy Agency (IEA) decided to release reserve oil.

On the 11th, the New York Stock Exchange saw the Dow Jones Industrial Average fall 289.24 points to close at 47,417.27; the S&P 500 declined 5.68 points to finish at 6,775.80. Conversely, the Nasdaq Composite rose 19.03 points to close at 22,716.13. This indicates that while markets are closely watching the Iran conflict, they remain cautious.

The attack on the Thai-flagged cargo ship marks the first direct assault on civilian vessels since the outbreak of hostilities, significantly heightening concerns over the stability of the Strait of Hormuz. In response, international energy prices reacted sharply, with West Texas Intermediate (WTI) crude oil rising over 4%. This trend reflects market worries that the reserve oil release may only be a temporary measure.

Meanwhile, domestic U.S. political developments also attract attention. President Donald Trump promised to ensure the security of the Strait of Hormuz but has not gained market trust. With the possibility of Iranian retaliation, market participants continue to respond cautiously.

Markets are closely monitoring how the Iran conflict and rising oil prices will impact economic indicators. Future developments in the conflict or diplomatic efforts to stabilize oil prices are likely to become new key focus points.