U.S. stock-market futures fell on Sunday as crude futures surged above $100 a barrel for the first time since 2022 amid growing fears about the economic effects of the conflict with Iran.
The oil market is worried that Gulf countries will have to shut production if tankers are unable to pass through the Strait of Hormuz.
U.S. stock futures slipped on Friday as the conflict raging in the Middle East threatened to fuel inflation, and as investors ...