U.S. stocks fell for the third straight session as military strikes around the Strait of Hormuz caused a spike in oil futures and bond yields.

Stock Market Today: The Dow Jones index drops while oil prices jump Monday after the U.S. and Iran exchange new strikes.

(Bloomberg) -- A flare-up in geopolitical risks sent stocks and bonds lower as oil climbed, raising concerns about inflationary pressures that could make the Federal Reserve raise…