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Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war
Business
AP

Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war

  • By STAN CHOE - AP Business Writer
  • Updated

Worries about the war with Iran sent oil prices back to $100 per barrel and stocks sinking worldwide. The S&P 500 fell 1.5% Thursday and returned to big swings following a couple days of relative calm. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite sank 1.8%. The center of action was again the oil market, where the price of a barrel of Brent crude got as high as $101.59. Treasury yields climbed in the bond market on worries about higher inflation and fewer cuts to interest rates by the Federal Reserve.

USA-WEATHER/TORNADO

USA-WEATHER/TORNADO

  • Reuters
  • Updated

Workers clear tree branches covering a fishing boat following storms and tornado warnings in Three Rivers, Mich., March 7.

A rescue team Nevada County avalanche

A rescue team Nevada County avalanche

  • Nevada County Sheriff’s Office/Handout via REUTERS
  • Updated

A rescue team departs to the site of an avalanche in a backcountry slope of the Sierra Nevada mountains, where a group of skiers was stranded,…

CALIFORNIA-AVALANCHE/

CALIFORNIA-AVALANCHE/

  • Reuters
  • Updated

A drone view shows skiers at Boreal Mountain ski resort in the Sierra Nevada mountains in Soda Spring Feb. 22.

CALIFORNIA-AVALANCHE/

CALIFORNIA-AVALANCHE/

  • Reuters
  • Updated

Nevada County Sheriff Shannan Moon replies to a question during a press conference after a group of skiers went missing in an avalanche in the…

CALIFORNIA-AVALANCHE/

CALIFORNIA-AVALANCHE/

  • Reuters
  • Updated

A snowmobile is parked at Alder Creek Adventure Center, one of two sites where search crews were launched to try to locate a group of missing …

CALIFORNIA-AVALANCHE/

CALIFORNIA-AVALANCHE/

  • Nevada County Sheriff's Office
  • Updated

A rescue team departs to the site of an avalanche in a backcountry slope of California's Sierra Nevada mountains in Nevada County Tuesday.