Stocks slipped across the board as Brent crude surged past $100 a barrel and the 10-year Treasury yield climbed above 4.8% on escalating Iran war fears.
Brent crude futures topped $100 a barrel on fears of supply disruptions from the Iran conflict.
WTI crude rose above $95 per barrel as war fears boosted oil prices.
The Dow Jones Industrial Average dropped 315 points as Iran war fears weighed on stocks.
The S&P 500 declined 0.3% amid rising oil prices and geopolitical tensions.
The Nasdaq Composite fell 0.5% as higher oil prices and bond yields pressured tech stocks.
The 10-year Treasury yield climbed above 4.8% as investors reacted to inflation and war concerns.
Wall Street indices retreated as geopolitical tensions in Iran drove oil prices above $100 per barrel. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 and Nasdaq Composite also posted losses as investors grappled with rising energy costs and elevated Treasury yields.
Markets are pricing in potential supply disruptions stemming from the geopolitical instability in the region, which has pushed Brent crude above $100 per barrel.