By: Nick Hathaway | Publish Date: March 12th, 2026
The United States-Iran War has caused the S&P 500 to continue in free fall this past week by 75.28%. Economists are worried that the rapid spike in oil prices speak of general shock and fear across global markets.
As the Associated Press reported, the S&P 500 slipped 0.1% Wednesday, a second day of slower movement following a chaotic stretch due to Iran. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite edged up 0.1%.
Oil prices also climbed despite the International Energy Agency saying its members will release a record amount of crude from stockpiles set aside for emergencies.
In addition, the DOW Jones Industrial Average saw a decrease from its over 50,000 mark to at 47,417.27 mark as of 7:00 p.m on March 11th. This is a -2.29% decrease in the average over the course of this past week.
However, the Nasdaq Composite saw an increase by over 0.04 holding steady in comparison to Dow and S&P 500 showcasing concerns amongst the market regarding Oil Supply chains being affected. In addition, oil prices are climbing due to conflict around the Strait of Hormuz, a key global and energy shipping route that Iran controls. It is the most concentrated Oil Center in the world.
As shown with Financial Content Oil Prices are up by 4.98% change while everything else is down at the time of 6:56 p.m on March 11th
The Trump Administration has decided to utilize Oil Reserves in response to rising oil prices, with some prices being estimated as being up by $3.00 more than the National Average.
“I filled it up once, and I’ll fill it up again, but right now, we’ll reduce it a little bit, and that brings the prices down,” President Trump stated during an interview conducted in Cincinnati, Ohio in response to concerns about United-States oil prices back on rise as a response to the United States war with Iran.
Check back every Thursday morning with Nick Hathaway’s Market Watch from The Tower.
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