US equity markets opened with significant losses following the collapse of peace negotiations regarding the conflict in Iran. The Nasdaq 100 led the decline with a 1.3% drop, while both the S&P 500 and the Dow Jones Industrial Average fell by 1.0% at the start of trading.
Energy commodities experienced a sharp spike in value as the United States military initiated a blockade of the Strait of Hormuz. WTI Crude prices jumped 10.0% and Brent Crude rose by 8.5%, while natural gas futures saw a 2.0% increase amid the heightened geopolitical tensions.