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Dow futures tumble 500 points as oil tops $100 a barrel, raising stagflation fear: Live updates CNBCWall Street follows global markets lower as Iran war briefly pushes crude prices near $120 a barrel Pittsburgh Post-GazetteStock market today: Dow, S&P 500, Nasdaq futures sell off as oil prices surge to over $110 a barrel Yahoo FinanceGlobal Stocks Sink as Oil Prices Surge The New York Times
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World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel.
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Crude prices were surging on Monday amid no signs that the Iran conflict was de-escalating and as some major oil producers were reportedly forced to cut production.
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Airline stocks were set to continue their recent sharp selloff amid fears that travel demand will drop as the escalating Middle East conflict sends crude oil prices above $100 a barrel.
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