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Stock Market Sells Off Amid Ongoing U.S.-Iran War As Oil Prices Jump; Cirrus Breaks Out

SCOTT LEHTONEN

1 min read

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⚡ Quantum Brief

Global stock markets experienced a sharp sell-off on Thursday, March 2026, as escalating U.S.-Iran tensions triggered investor uncertainty and risk aversion. Oil prices surged amid the conflict, exacerbating market volatility and pressuring energy-dependent sectors as traders priced in potential supply disruptions. Defense and aerospace stocks saw mixed reactions, with Cirrus (CRUS) breaking out past a key technical buy point, signaling trader confidence in its resilience. The sell-off reflected broader geopolitical fears, with analysts warning of prolonged instability if diplomatic resolutions fail to materialize quickly. Investors shifted toward safe-haven assets, though selective opportunities emerged in defense and energy sectors as the crisis unfolded.

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The stock market tumbled Thursday, while oil prices surged higher, as President Donald Trump warned Iran to "get serious soon" about a peace deal amid the ongoing U.S.-Iran war. As a result, the prospects for finding a winning stock are getting thinner.

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Source: Investor's Business Daily

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