Dow futures tumble as U.S. oil tops $100 amid U.S.-Iran war
Mar 9th 2026
Stock futures plunged Monday after crude oil jumped above $100 a barrel amid the U.S.-Iran conflict and supply cuts, intensifying concerns that rising energy costs could slow the U.S. economy.
- Dow futures fell about 848 points, or 1.8%, while S&P 500 and Nasdaq 100 futures dropped roughly 1.7% and 1.9% respectively.
- U.S. crude topped $100 per barrel and Brent also rose above $100 after steep overnight gains in oil markets.
- The surge followed output cuts by Middle East producers and the continued closure of the Strait of Hormuz, with Iraq reportedly seeing about a 70% production decline.
- Investors will watch this week’s inflation, jobs and GDP reports and several corporate earnings releases as higher energy prices raise the risk of a broader economic slowdown.