U.S. stocks fell as oil prices surged after an Iran missile strike on a tanker widened shipping risks. Dow plunges.

The price of crude oil rose to $80 a barrel and the price of natural gas jumped 30% after Iran effectively sealed off the strategic Strait of Hormuz.

U.S. oil prices hit 2024 highs and stocks tumble as the Iran conflict escalates, threatening global markets and inflation.

U.S. stocks fell as oil prices surged after an Iran missile strike on a tanker widened shipping risks. Dow plunges.

The Dow Industrials lost nearly 785 points in Thursday’s sell-off as oil prices leapt. The blue-chip index is on track for its worst week since October.