Wall Street Opens Down on Iran Turmoil

Goldman Sachs warns oil could surge into ’triple-digit territory' if Hormuz disruption drags on and forces demand destruction.

A futures-options trader works on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York, on Feb. 27, 2026 Brendan McDermid/Reuters

Wall Street’s main indexes dropped on Tuesday as investors grappled with an escalating Iran War that threatens global energy supplies and markets.

The Dow Jones Industrial Average fell 0.84 percent at the open, while the S&P 500 dropped 1.18 percent and the Nasdaq Composite declined 2.01 percent.