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The U.S. markets fell at Monday's open, while Asian and European markets tumbled as tensions in the Middle East led to more energy supply disruptions, rattling investors.
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Oil prices surge 25% amid Trump administration's Iran targeting as Energy Secretary Chris Wright predicts "fear premium" will end in weeks, not months.
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Dow tumbles 700 points at the open after $100 oil triggers stagflation fears: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq sink as oil prices surge past $100 a barrel Yahoo FinanceStocks slump as Iran war sends oil prices surging above $100 a barrel CBS NewsStagflation Trades Sweep Markets as Trump Signals Widening War
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President Trump said spiking short-term oil costs triggered by Operation Epic Fury is a "very small price" to pay for peace. Trump posted on Truth Social Sunday that prices would "drop rapidly" once the "destruction of the Iran nuclear threat is over." Oil prices have surged as Operation Epic Fury enters its second week -...
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War-risk insurance costs surge as conflict threatens oil shipments through Strait of Hormuz, potentially driving up gas prices for American consumers.
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