# The Dow Jones Industrial Average slumped 128 points, or 0.3%, Thursday morning.

*business · news · 2026-04-09 · New York Post*

## Key points

- Iran accused the US of violating the ceasefire agreement after Israel attacked Hezbollah in Lebanon.
- Iran is reportedly demanding up to $2 million per ship for safe passage through the Strait of Hormuz.
- Despite the ceasefire, Iran continues to block many ships from passing through the Strait of Hormuz.
- President Trump stated US military forces will remain in the Middle East until Iran fully complies.
- Vice President JD Vance will lead US talks with Iran in Islamabad with Pakistani mediators on Saturday.

**Countries:** United States, Iran, Israel, Lebanon, Pakistan

[Read the full story on New York Post](https://nypost.com/2026/04/09/business/dow-sinks-100-points-oil-nears-100-as-strait-of-hormuz-traffic-remains-limited/)

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