Business Bible News Market Minute: March 12 @ 6:00AM ET

This is a Business Bible News Market Minute for Thursday March 12 at 6:00 AM Eastern Time. According to Bloomberg, global stocks declined while oil rallied after an attack on tankers in Iraqi waters highlighted the threat to energy infrastructure in the Middle East and stoked concerns of an escalating conflict. Global markets are down today. In overseas trading, the Nikkei is down 640 points. The Dow is down 292 points to 47,414. Oil is trading at $91 per barrel while gold is at $5,189 per ounce. Today's Daily Principle is ECONOMICS, specifically dealing with Causality. This principle is found in Psalm 1–3. The verse reads: 'They are like trees that grow beside a stream, that bear fruit at the right time, and whose leaves do not dry up. They succeed in everything they do.' Learn more at businessbible.com where Daily News meets Daily Principle.