US Stock Futures Plunge as Dow Drops 2% and Oil Surges Past $100 on Iran Tensions

U.S. stock market futures fell sharply on Sunday, led by a 2% decline in Dow Jones Industrial Average futures as geopolitical tensions in the Middle East reached a critical point. Crude oil prices surged above the $100 per barrel threshold for the first time since 2022, reflecting heightened supply concerns and market instability. The negative market reaction is primarily driven by growing fears regarding the broader economic impact of the ongoing conflict involving Iran. Investors are rapidly shifting toward a risk-off stance, leading to significant pressure on major equity indices including the S&P 500 and Nasdaq. Analysts warn that sustained high energy prices could exacerbate global inflationary pressures and dampen economic growth. Market participants remain on high alert, closely monitoring geopolitical developments for further signs of escalation.