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World leaders are scrambling to confront the surging cost of oil, as its fallout also threatens to revive inflation in an array of other products.
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Dow futures tumble 500 points as oil tops $100 a barrel, raising stagflation fear: Live updates CNBCWall Street follows global markets lower as Iran war briefly pushes crude prices near $120 a barrel Pittsburgh Post-GazetteStock market today: Dow, S&P 500, Nasdaq futures sell off as oil prices surge to over $110 a barrel Yahoo FinanceGlobal Stocks Sink as Oil Prices Surge The New York Times
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Oil Tops $100 as War Rages, US Stock Futures Drop: Markets Wrap BloombergG7 to discuss joint release of emergency oil reserves, FT reports ReutersG7 to discuss joint release of emergency oil reserves Financial TimesG7 to discuss joint release of emergency oil reserves - report The Times of Israel
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The conflict has hit Europe and Asia harder than the United States, with rising shipping costs and energy prices.
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