Crude surges 7% as Trump vows strikes on Iran and stocks slide ahead of the Fed's decision, with earnings crushing Parsons, Lennox, Watsco and Vertiv.

(Bloomberg) -- Crude oil jumped and US equity-index futures fell after fighting erupted in the Middle East, reigniting tensions after several days of calm and reviving concerns…

Oil jumped more than 7% Wednesday as Trump threatened Iran and Houthis eyed Red Sea shipping fees, hours before the Fed’s rate decision.