International News on March 28, 2026: Iran Situation Developments and Their Impact on U.S. Stocks and Ethereum:

Latest Developments in the Iran Situation

Strait of Hormuz Closure: The Islamic Revolutionary Guard Corps of Iran announced on March 27 that they have closed the Strait of Hormuz, prohibiting any ships "from or to" U.S. and Israel allied ports from passing through, and have turned back three international container ships attempting to transit.

Military Warnings and Retaliation Actions: Iran warned personnel related to U.S. and Israeli industrial enterprises in the Middle East to evacuate promptly, and stated that after multiple attacks on Iran’s industrial facilities by the U.S. and Israel, Iran has decided to carry out retaliatory actions.

Houthi Movement in Yemen Statement: The Houthi movement in Yemen stated that if the Iran situation continues to escalate, they will take action. Iranian military sources also indicated that if the enemy attempts ground operations against Iran’s islands or mainland, Iran will open a new front in the Strait of Mandeb under Houthi control.

Impact on U.S. Stocks

U.S. Stocks Plunge Across the Board: In the early hours of March 28 Beijing time, the three major U.S. stock indices all declined. The Dow Jones Industrial Average dropped nearly 800 points, a 1.73% decrease; the Nasdaq fell over 2%; the S&P 500 also declined.

Major Tech Stocks Drop Collectively: Amazon and Facebook fell nearly 4%, Nvidia and Tesla declined over 2%. The Dow has fallen more than 10% from its high on February 10, confirming a correction phase.

Impact on Ethereum

Cryptocurrency Market Volatility: Due to the Iran situation, the cryptocurrency market experienced significant fluctuations. Over the past 24 hours, Ethereum dropped 3.82%, Bitcoin fell 3.45% to $66,700, and Solana declined 4.72%.

Market Liquidations: According to Coinglass data, total market liquidations over the past 24 hours reached $447 million, with over 120,000 investor accounts suffering losses, highlighting the fragility of high-leverage derivatives markets in the face of sudden events.

The escalating tension in the Iran situation, especially the closure of the Strait of Hormuz and military warnings, has triggered a chain reaction in global financial markets. U.S. stocks have plummeted due to concerns over rising supply chain costs and the drag on the global economy, while the cryptocurrency market has also experienced notable volatility driven by risk aversion and the fragility of high-leverage derivatives. Investors should closely monitor the developments and operate cautiously.