The Dow Jones Industrial Average fell about 0.6%, while the S&P 500 dropped roughly 0.9%, News.Az reports, citing foreign media.
The tech-heavy Nasdaq Composite recorded a steeper decline of around 1.3%.
Markets were pressured by reports that the Trump administration is considering plans to occupy or blockade Kharg Island, a key hub for Iran’s oil exports, in an effort to reopen the Strait of Hormuz to tanker traffic.
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Oil prices remained volatile amid ongoing developments in the Middle East. Brent crude traded near $108 per barrel after fluctuating throughout the session, while West Texas Intermediate hovered around $96.
Major US indexes are now heading toward a fourth consecutive weekly loss, with both the Dow and Nasdaq approaching correction territory as uncertainty continues to weigh on investor sentiment.
