What happened overnight, from war to the stock market? Why did the stock market and Bitcoin plummet? Losses of millions were occurring every minute.

News Topical, Digital Desk : The impact of the escalating tensions surrounding the US-Iran war is now clearly visible in global markets. Wall Street witnessed a sharp sell-off, and the Dow Jones fell nearly 800 points. Oil prices rose, the dollar strengthened, while gold and silver declined. Meanwhile, US President Donald Trump has issued several harsh statements, further escalating geopolitical tensions. Markets are now closely monitoring the economic impact of the war and upcoming key US data.

The escalating military conflict between the United States and Iran is now directly impacting global financial markets. Wall Street saw a sharp decline on Thursday as investors grew increasingly concerned about the rising costs and uncertainty of the war. A sharp sell-off in the US stock market followed Wall Street's sharp decline
. The Dow Jones Industrial Average fell nearly 800 points, pushing it into negative territory for 2026. However, other indexes did see some recovery. The S&P 500 finally closed down about 0.6%, recovering about 60 points from its day's low. The Nasdaq performed better, closing down only 0.3% after recovering about 250 points. This clearly indicates some buying in tech stocks, which averted a major decline.

Movement outside the stock market was also
evident not only in the equity market, but also in the commodity and currency markets. The US dollar index strengthened to 99.44. Brent crude oil prices rose to $86.28 per barrel. WTI crude also rose above $81 per barrel. The price of natural gas in the US reached nearly $3. Interestingly, gold and silver, which typically rise during times of crisis, fell this time as the strengthening dollar put pressure on precious metals.

Meanwhile, Bitcoin was seen moving towards the $70,000 level again.

Political battles continue in the US over the war
The war powers resolution brought against Trump in the lower house of the US Parliament, the House of Representatives, was rejected by a vote of 219 to 212. Previously, the US Senate had also rejected a similar resolution. This means that the attempt to stop military action against Iran was not successful for now. Trump's statement increased tensions. President Donald Trump has made several harsh statements regarding Iran. He said that the US should have a role in deciding the next leader of Iran. According to Trump, Mojtaba Khamenei could be a potential successor, but this outcome would be unacceptable to the US. He also appealed to Iranian diplomats and IRGC officials to seek asylum in the US. Trump warned that if the IRGC surrenders, it will receive full immunity, but if it continues fighting, it will be killed. Latest Situation in the War: According to US Central Command, more than 200 Iranian targets have been attacked in the past 72 hours. According to Iranian state media, more than 1,200 people have died in this conflict. However, the US military claims that Iran's ballistic missile attacks have declined by approximately 90% since the war began. Iran's Response: Iranian Foreign Minister Abbas Araghchi stated that Iran is not demanding a ceasefire from the US or Israel. He added that if the US launches a direct military attack on Iran, it would be a "major disastrous step" for Iran. Araghchi also stated that Iran does not trust the talks because the US attacked them twice during the talks. The market will be watching several key US data today, including the Non-Farm Payrolls report and February's unemployment rate data.

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