Shortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'

AI Summary

U.S. stock markets declined sharply after oil prices crossed $100 per barrel amidst renewed U.S.-Iran tensions. The impact of rising oil prices has made it impossible for markets to ignore the geopolitical conflict and its economic implications.

After staying flat as the U.S.-Iran war heated up again, equities tumbled on Thursday after oil prices crossed $100 per barrel.