The oil alarm is ringing. Stocks slide and crude prices rocket as the Iran war continues |
The oil alarm is ringing. Stocks slide and crude prices rocket as the Iran war continues
U.S. stocks are tumbling and oil prices are rocketing as the Strait of Hormuz remains closed and regional producers curb outputs
Hassan Ghaedi/Anadolu via Getty Images
Ten days into the U.S. war against Iran, the oil shock has arrived. Over the weekend, U.S. stock market futures fluctuated deep into negative territory. On Monday, the major indexes tumbled more than 1% heading into the market open, with the S&P 500 down 1%, the Dow preparing to open down by 575 points, and Nasdaq $NDAQ futures off about........