Dow Falls About 260 Points as Hormuz Negotiating Window Expires

The Dow Jones Industrial Average fell close to 260 points to beneath 53,500, a decline of roughly half a percent. The move came on the day a 60-day negotiating window meant to end the war over the Strait of Hormuz expired with nothing agreed to replace it.

The index's decline highlights market sensitivity to the unresolved Hormuz situation as the prior framework lapsed without a new agreement.