The price of oil is driving everything today—even the cost of fertilizer.

Three words spooking the market.

The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.

Another weekend of violence compounded global market concerns over war in the Middle East, following US strikes on the vital oil hub

Brent crude tops $106 a barrel as markets see no end in sight to the halt of traffic through the critical waterway.

The price of oil is driving everything today—even the cost of fertilizer.

Everything you need to know before you reach the office this morning.

The S&P 500 fell 0.6% and was on track for its first loss this week. The Dow was down 380 points, or 0.8%, as of 12:55 pm ET.