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US stocks crash as nearly 200 billion vanishes and oil spikes amid Hormuz tension
International
Published on 4 May 2026
Oil jumps fast as Hormuz tensions flip markets red
The US stock market turned sharply lower as the Dow fell about 565 points and the S&P 500 and Nasdaq also slid, with every sector ending in red. Around $200 billion reportedly disappeared in minutes. Traders point to surging oil—WTI up about 3.4% and Brent up roughly 5%—as rising tensions near the Strait of Hormuz rapidly shifted investor sentiment.
- Dow drops sharply as broad selling hits all sectors
- About $200 billion disappears in minutes from US stocks
- Oil surges with WTI and Brent spiking quickly
- Hormuz tension is blamed for the sudden sentiment shift
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times