Oil prices surge and markets slide as Iran war pressures U.S. economy
The war with Iran is driving major market volatility, with U.S. crude oil posting its biggest weekly gain in futures trading history and closing at $91.27 a barrel — a more than 35% jump since the conflict began. The stock market also slid sharply, with the Dow logging its worst week since April and the S&P 500 and Nasdaq ending in the red.