Dow sinks nearly 800 points as surging oil prices spark market fears

US stocks tumbled as surging oil prices and rising geopolitical tensions rattled global markets. The Dow Jones Industrial Average fell nearly 800 points while the S&P 500 and Nasdaq also slipped, highlighting growing investor anxiety. A sudden spike in crude oil prices, driven by fears of supply disruptions in the Middle East and the strategic Strait of Hormuz, has sparked concerns that inflation could surge again.

Despite the broader market decline, some sectors showed resilience as demand for artificial intelligence technology continued to drive gains in certain tech stocks. At the same time, industries sensitive to fuel costs, including airlines, came under pressure as investors reacted to the possibility of prolonged high energy prices.

Traders are now closely watching whether oil prices could climb towards 100 dollars per barrel and how the Federal Reserve may respond if inflation risks return. With geopolitical tensions rising and energy markets turning volatile, the next few trading sessions could be critical for the future direction of Wall Street.