Brent Crude Surpasses $100/Barrel Amid Escalating US-Iran Conflict
Global stock markets took a hit on Wednesday as Brent crude oil surpassed $100 a barrel for the second time this year. The U.S.-led war with Iran is escalating, and investors are responding to higher energy prices.
The S&P 500 index dropped 0.5%, while the Dow Jones Industrial Average fell 346 points or 0.7% by 12:45 p.m. Eastern time. The Nasdaq composite also declined by 0.7%.