US stocks slipped as Brent crude climbed above $100 a barrel amid escalating US-Iran tensions and disruptions to oil shipments through the Strait of Hormuz. Rising fuel costs are renewing inflation concerns ahead of key US inflation data and complicating the Federal Reserve's interest-rate decision next week.

(Bloomberg) -- US stock futures fell in cautious trading as an escalation in the Middle East pushed oil prices higher, adding to an already difficult inflationary backdrop.

Stock market today: Dow falls 511 points as oil nears $100, inflation fears rise and US-Iran tensions weigh on Wall Street and global stocks. | Business News