SWX:UBXN.SW 26 November 2025

April 7, 2026, 12:17 PM EDT. The US stock market crashed with the Dow Jones down 181 points, S&P 500 falling 0.68%, and Nasdaq dropping nearly 1.2%. The decline follows a US strike near Iran's Kharg Island, escalating geopolitical tensions and pushing oil prices sharply higher, with Brent crude surpassing $111 per barrel and WTI nearing $116. Market uncertainty over potential disruption in the Strait of Hormuz-a crucial oil transit route-spurred a flight from equities toward safer assets. Precious metals fell as investors booked profits amid volatility. The turmoil is amplified by fears of further military conflict and disrupted energy supplies, shaking investor confidence and triggering rapid sell-offs across major indices. Sky Quarry led gainers with a 51% surge amid speculative trading in energy-related stocks.