Dow Jones just had its biggest crash since April 2025: Why is the Dow down more than 1,200 points as gold and silver prices crash too? Here is why markets are collapsing today

The Dow Jones biggest crash sent shockwaves across Wall Street today. The Dow Jones Industrial Average plunged 1,212 points, down 2.30%, its first 1,000-point drop since April 2025. The US stock market selloff followed an 8% surge in oil prices after Iran threatened to disrupt the Strait of Hormuz. Brent crude neared $84. WTI crude topped $77. Rising oil prices sparked fresh inflation fears and pushed Treasury yields higher. Investors quickly dumped blue-chip stocks. Surprisingly, gold prices fell over 5% and silver crashed more than 10% as traders raised cash. Markets are reacting to war risk, inflation pressure, and delayed Federal Reserve rate cut expectations.