US Stock Market | Oil shock and war fears jolt global markets ahead of key US inflation data
Why it matters: Higher oil prices could ignite inflation, squeezing margins.
- Brent crude surged past $110 per barrel
- S&P 500 closed 2% lower
- US payrolls declined in February
The US-Israel-Iran conflict has pushed Brent crude above $110, rattling global equity markets and dragging the S&P 500 down roughly 2%.
