US-Iran Conflict Escalates Near Hormuz Strait as Tehran Hits Back for Larak Island Strikes: Brent Crude R

On Sunday, Iran retaliated against U.S. forces after the U.S. military struck two Iranian rocket launchers on Larak Island, near the strategically important Strait of Hormuz.

Global Markets Slide On Iran Tensions

Late Sunday, Dow futures fell 75 points, or 0.14%, to 53,509.00, while S&P 500 futures declined 19.25 points, or 0.25%, to 7,702.75.

Nasdaq 100 futures slipped 98.25 points, or 0.33%, to 29,393.50 as of around 8:35 p.m. EDT.

In commodities, WTI crude oil rose 0.90% to $84.15 per barrel, while Brent crude advanced 1.08% to $89.05 per barrel. Natural gas futures fell 1.80% to $2.836 per MMBtu.