Oil Hits $100, War Fears Sink Stocks
📡 CNBC Top News · 1 min read ·
Part of composite article Dow Crashes 1,100 Points as Fed Holds Rates, Three Officials Demand a Hike View full article →
After weeks of ignoring rising tensions between the U.S. and Iran, the stock market finally reacted on Thursday. Equities tumbled as the price of oil crossed $100 per barrel.
Analysts say the surge in oil prices has become too significant for investors to overlook. The conflict, which had previously left markets flat, now directly threatens global economic stability.