Oil futures settled sharply lower on Tuesday, extending losses from the overnight session, as world leaders considered releasing emergency crude supplies with the Iran conflict stretching into an 11th day.

The Dow Jones Industrial Average fell slightly on Wednesday as investors continued to eye developments in the U.S.-Iran war and oil prices as well as weighed key consumer inflation data. The 30-stock index shed 294 points, or 0.6%. The S&P 500 traded around the flatline, while the Nasdaq Composite gained 0.3%.

WTI peaks above $119: West Texas Intermediate crude settled back to $103 this morning after crossing $100 for the first time since 2022. The G7 is set to discuss a possible release of International Energy Agency reserves to ease the pressure, reports the Financial Times.

The outlook for stocks at the opening bell on Wall Street is looking less rosy than it was an hour or so ago. S&P 500 futures now indicate a pretty flat start to trading as oil prices hold above Monday's lows,

U.S. stock index futures fell over 1% on Monday, with investors increasingly pricing in the prospect that the conflict in the Middle East could persist.

U.S. stock index futures edged lower on Thursday as investors digested the widening fallout from an intensifying Middle East war.

S&P 500 futures are down 1.5% Dow Jones Industrial Average futures are down 1.7% Nasdaq 100 futures are dropping 1.6% After a weekend of fighting and no sign of the Iran conflict ending soon, West Texas Intermediate crude climbed 15% to $104.

Traders watched rising geopolitical tensions and worried the U.S.-Iran conflict could go on longer than anticipated.

S&P 500 futures test the 200-day MA as oil prices surge on Middle East tensions, sparking selling across US stock futures before Wall Street opens.