Oil prices surge, stock market falls due to Iran attack...U.S. port union strike 'overwhelming'

International oil prices fluctuate due to Iranian missile attacks...5% jump during the day
West Texas Intermediate crude 2.44% ↑·Brent crude 2.59% ↑
New York Stock Exchange Down All at once...S&P -0.93%; Nasdaq -1.53%
The U.S. Port Union went on strike after 47 years...Wavelength Attention

[Anchor]
International oil prices soared and the New York stock market fell all at once as Iran's missile strike raised the all-out war crisis.

On top of that, the U.S. port union went on strike for the first time in 47 years, further unsettling the U.S. economy ahead of the presidential election.

This is Washington correspondent Kwon Jun-ki.

[Reporter]
International oil prices fluctuated when Iran's missile attack began.

The price of West Texas crude oil soared more than 5% at one point during the day on fears that there could be disruptions to oil supply and demand.

The increase was reduced on the news that the Iranian attack did not work, but it ended up rising 2.44% significantly.

Brent crude, the global benchmark, also jumped 2.59% from the previous session.

The news of Iran's bombing led to a series of dumping in the New York Stock Exchange.

The Nasdaq fell more than 2% during the day, reflecting fears, and eventually all three major indexes closed lower.

[Ron Howarth / U.S. Bank Asset Management New Investment Strategist: So far, the impact has not been significant. It's negligible if investors focus on the better Chinese economy and the robust U.S. economy.

In the midst of this, the port union across the eastern United States went on strike for the first time in 47 years.

Collective action to oppose demands for higher wages and port automation.

[Harold Waitt / Chairman of the International Port Workers' Association: If we strike for more than a month, this world will collapse. Don't blame us, blame them.]

The White House is also on high alert as a prolonged strike could cause prices to jump.

I'm KWON JUN KI from Washington.