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Secretary Scott Bessent on Wednesday provided some calm on Wall Street by pledging more support for stalled tanker traffic through the crucial Strait of Hormuz during the Iran conflict.‘I don’t own a home’: I’m 62, unemployed and have $1.5 million for retirement. Can I afford to divorce my husband?Four companies, including AI and data-center plays, are joining the S&P 500 indexYet with tanker and shipping traffic through the Middle East chokepoint still on hold because of the conflict and surging prices for chartering vessels, investors were growing impatient over the recent sharp increase in U.S. and global crude prices.It’s dawning on both the equity and bond markets that this conflict isn’t looking like a fleeting affair, said Amar Reganti, fixed-income strategist at Hartford Funds. “The market is acting on all levers.”That’s tightening conditions in capital markets, leading to rising oil and natural-gas NG00 futures and a selloff the $30 trillion Treasury market. It also suggests growing concerns about inflation and the difficulty of the Federal Reserve cutting interest rates when faced with an energy shock, Reganti said.Domestic crude prices eclipsed a one-year high on Thursday, with West Texas Intermediate crude CL00 CLJ26 up more than 8% to $81.01 a barrel, pushed higher by reports of tanker attacks in the Persian Gulf. That’s nearly a 40% price increase since early January, according to FactSet.“It’s about monitoring what’s going on in the region and when we start to see transport pick up in the Strait of Hormuz,” said Charlie Ripley, senior investment strategist at Allianz Investment Management, in a phone interview Thursday.“When we start to see gas prices move higher, that’s when it’s going to mean less money for people to spend on [other items],” Ripley said.Gas prices in the U.S. edged up modestly Thursday to an average national price of $3.25 a gallon, but were up 26.5 cents a gallon from a week ago, according to GasBuddy.Jitters in markets hit the Dow Jones Industrial Average DJIA especially hard, with the Dow leading the major U.S. stock indexes lower Thursday. It tumbled 874.6700 points, or 1.6%, to 47,954.74, according to FactSet, while the S&P 500 SPX shed 0.6% and the Nasdaq Composite COMP was down 0.3%.“The dual headwind of higher oil [prices] and higher [Treasury] yields has pressured stocks today,” said Ryan Detrick, chief market strategist at the Carson Group, adding that markets were “back to more confusion and uncertainty.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,740.02 -90.69 (-1.33%)Dow 3047,501.55 -453.19 (-0.95%)Nasdaq22,387.68 -361.31 (-1.59%)Russell 20002,525.30 -60.27 (-2.33%)VIX29.49 +5.74 (+24.17%)Gold5,181.30 +102.60 (+2.02%)Trending tickersHIMS Hims & Hers Health, Inc. 15.74 -0.14 (-0.88%)BTC-USD Bitcoin USD 68,056.98 -3,002.56 (-4.23%)^GSPC S&P 500 6,740.02 -90.69 (-1.33%)BE Bloom Energy Corporation 135.19 -24.80 (-15.50%)VRT Vertiv Holdings Co 241.78 -7.97 (-3.19%)PortfolioSign in to access your portfolioSign inTop gainersDAWN Day One Biopharmaceuticals, Inc. 21.20 +8.42 (+65.88%)IOT Samsara Inc. 35.36 +5.78 (+19.54%)MRVL Marvell Technology, Inc. 89.57 +13.89 (+18.35%)EMAT Evolution Metals & Technologies Corp. 9.76 +1.25 (+14.69%)IOVA Iovance Biotherapeutics, Inc. 5.13 +0.55 (+12.01%)Top losersINGM Ingram Micro Holding Corporation 22.06 -4.30 (-16.31%)BE Bloom Energy Corporation 135.19 -24.80 (-15.50%)GAP The Gap, Inc. 23.28 -3.92 (-14.41%)LITE Lumentum Holdings Inc. 558.44 -92.38 (-14.19%)JEF Jefferies Financial Group Inc. 38.29 -5.99 (-13.53%)Most activeNVDA NVIDIA Corporation 177.82 -5.52 (-3.01%)ONDS Ondas Inc. 9.83 -0.63 (-6.05%)AAL American Airlines Group Inc. 11.18 -0.61 (-5.17%)MRVL Marvell Technology, Inc. 89.57 +13.89 (+18.35%)BBD Banco Bradesco S.A. 3.6800 -0.0600 (-1.60%)Top economic eventsEarnings eventsMy earnings eventsEarnings events