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U.S. stocks closed sharply lower on March 20th 2026, registering losses for the fourth straight week and nearly pushing the tech-heavy NASDAQ and blue-chip DJIA into a correction, or at least 10% below its recent high.
Stocks are reeling as the Strait of Hormuz remains essentially shut amid the war with Iran. A fifth of the world’s oil, mostly to Asia and Europe, ships through the narrow waterway, and its blockage has pushed international Brent crude prices sharply higher. Brent crude was last up 2.84% at $111.74 per barrel.
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