Dow Jones Slumps as Trump Curbs Chip Exports and Iran Conflict Grows

The Trump administration is implementing strict new artificial intelligence chip export controls while the Dow Jones fell nearly 800 points as the US-Israel conflict with Iran intensified.Global energy prices soared with Brent crude hitting $85 following the closure of the Strait of Hormuz, forcing airlines like Wizz Air to cancel flights and forecast heavy losses.Technology stocks such as Nvidia and AMD faced selling pressure after the White House moved to become the primary gatekeeper for advanced semiconductor shipments.Rising inflation and 10-year Treasury yields reaching 4.14% have led the Federal Reserve to postpone planned interest rate cuts despite better than expected jobs data.