# The S&P 500 fell 2.4 per cent in morning trade and was on course for its worst session since October.

*business · news · 2026-03-03 · Times of India*

## Key points

- Brent crude surged 7.8 percent to $83.84 a barrel, up from near $70 last week.
- Iran struck the US Embassy in Saudi Arabia, expanding attacks to critical oil infrastructure regions.
- Ayatollah Ali Khamenei was killed by US and Israeli strikes, escalating regional conflict dynamics.
- The Kospi index fell 7.2 percent, South Korea's worst trading day in nearly two years.
- US gasoline prices rose 11 cents overnight to about $3.11 per gallon according to AAA.

**Companies:** United Airlines, American Airlines, Delta Air Lines
**Countries:** United States, Iran, Saudi Arabia, South Korea, Japan

[Read the full story on Times of India](https://timesofindia.indiatimes.com/business/international-business/us-stock-market-wall-street-crashes-amid-iran-tension-dow-jones-slips-over-900-points-nasdaq-dips-by-2/articleshow/128978192.cms)

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