Escalating U.S.-Iran tensions sent oil surging roughly 3%, rattling investors with fresh fears about inflation

Oil climbed toward $100 a barrel after Houthi strikes on Saudi Arabia, lifting inflation fears and pushing Treasury yields higher

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

Stock futures were mixed Wednesday as Brent crude futures briefly hit

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…